Loan Forgiveness Program

Student Loan Forgiveness​

Did you know that Congress created a program called the Public Service Loan Forgiveness Program to encourage individuals to enter and continue to work full-time in public service jobs? Under this program, borrowers may qualify for forgiveness of the remaining balance due on their eligible federal student loans!

What is Student Loan Forgiveness?

The Student Loan Forgiveness program is a government hardship program aimed
at assisting students to get out of financial debt with their federal student loans.
There are 3 benefits offered on this program. Lower monthly Payments, Lower
Interest Rates and possible Loan Forgiveness at the end of the loan term. What the
government actually does is buys back federal student loans from loan servicers and
have them consolidated and placed on an income driven repayment plan within
the forgiveness program. The outstanding balance as well as interest accrued over
the loan term.

Who can qualify for student loan forgiveness programs?

​Forgiveness the Teacher Loan Forgiveness program is probably the most beneficial of all the loan forgiveness plans available as teachers not only qualify for early forgiveness, but principal reduction as well. Teachers can be eligible for $5,000 to $17,500 in principal reduction on their loans under certain circumstances in the Teacher Loan Forgiveness program. The idea behind this principal reduction was to encourage young graduates to enter a career of teaching, and to continue that career. Teachers also qualify for complete loan forgiveness after 10 years of repaying their loans. Contact us for more information.

Public Service Loan Forgiveness​

You may qualify for public service loan forgiveness if you work full-time in a public service job. After making 120 consecutive payments under certain repayment plans while working full time in a public service position, the balance of your Federal Student Loan would be completely forgiven. Contact us for more information.

Total and Permanent Disability Discharge

A borrower may qualify for Total and Permanent Disability Discharge on their Federal Student Loans if they are unable to engage in any substantial gainful activity because of a physical or mental impairment. Contact us for more information.

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