Loan Forgiveness and Loan Repayment Programs

Loan Forgiveness and Loan Repayment Programs

Author: Virgil Davidson

Publisher:

Published: 2019-04

Total Pages: 180

ISBN-13: 9781536151817

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Student loan forgiveness and loan repayment programs provide borrowers a means of having all or part of their student loan debt forgiven or repaid in exchange for work or service in specific fields or professions or following a prolonged period during which their student loan debt burden is high relative to their income. In both loan forgiveness and loan repayment programs, borrowers typically qualify for benefits by working or serving in certain capacities for a specified period or by satisfying other program requirements over an extended term. Upon qualifying for benefits, some or all of a borrowers student loan debt is forgiven or paid on his or her behalf. Some of these programs are intended to support goals such as providing a financial incentive to encourage individuals to enter into and/or remain in a particular profession or public service. One such federal program that has received considerable attention in recent years is the Public Service Loan Forgiveness (PSLF) program. The PSLF program forgives borrowers federal student loans after they make at least 10 years of qualifying payments while working for certain public service employers.


Federal Student Loan Forgiveness and Loan Repayment Programs

Federal Student Loan Forgiveness and Loan Repayment Programs

Author: Alexandra Hegji

Publisher:

Published: 2014

Total Pages:

ISBN-13:

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This report discusses loan forgiveness and loan repayment benefits that provide debt relief to borrowers of federal student loans who make an active choice to enter public service or obtain employment in particular professions, occupations, or specialties, or to repay their loans according to an income-dependent repayment plan.


Federal Student Loan Forgiveness and Loan Repayment Programs

Federal Student Loan Forgiveness and Loan Repayment Programs

Author: Patricia Sadler

Publisher: Nova Science Publishers

Published: 2014

Total Pages: 0

ISBN-13: 9781634630627

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Student loan forgiveness and loan repayment programs provide borrowers a means of having all or part of their student loan debt forgiven or repaid in exchange for work or service in specific fields or professions or following a prolonged period during which their student loan debt burden is high relative to their income. In both loan forgiveness and loan repayment programs, borrowers typically qualify for benefits by working or serving in certain capacities for a specified period of time or by satisfying other program requirements over an extended term. Upon qualifying for benefits, some or all of a borrower's student loan debt is forgiven or paid on his or her behalf. This book identifies and describes federal student loan forgiveness and loan repayment programs authorized by federal law. These program descriptions are intended to provide general information about the purpose of existing programs and how they are designed to operate. This book also describes the Federal Supplemental Educational Opportunity Grant (FSEOG) program, the Federal Work-Study (FWS) program, and the Federal Perkins Loan program.


Federal Student Loan Forgiveness and Loan Repayment Programs

Federal Student Loan Forgiveness and Loan Repayment Programs

Author: Congressional Research Service

Publisher: CreateSpace

Published: 2015-06-26

Total Pages: 146

ISBN-13: 9781508686347

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Student loan forgiveness and loan repayment programs provide borrowers a means of having all or part of their student loan debt forgiven or repaid in exchange for work or service in specific fields or professions or following a prolonged period during which their student loan debt burden is high relative to their income. In both loan forgiveness and loan repayment programs, borrowers typically qualify for benefits by working or serving in certain capacities for a specified period of time or by satisfying other program requirements over an extended term. Upon qualifying for benefits, some or all of a borrower's student loan debt is forgiven or paid on his or her behalf.


Dear Debt

Dear Debt

Author: Melanie Lockert

Publisher: Coventry House Publishing

Published: 2016-08-12

Total Pages: 126

ISBN-13:

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In her debut book Dear Debt, personal finance expert Melanie Lockert combines her endearing and humorous personal narrative with practical tools to help readers overcome the crippling effects of debt. Drawing from her personal experience of paying off eighty thousand dollars of student loan debt, Melanie provides a wealth of money-saving tips to help her community of debt fighters navigate the repayment process, increase current income, and ultimately become debt-free. By breaking down complex financial concepts into clear, manageable tools and step-by-step processes, Melanie has provided a venerable guide to overcoming debt fatigue and obtaining financial freedom. Inside Dear Debt you will learn to: • Find the debt repayment strategy most effective for your needs • Avoid spending temptations by knowing your triggers • Replace expensive habits with cheaper alternatives • Become a frugal friend without being rude • Start a side hustle to boost your current income • Negotiate your salary to maximize value • Develop a financial plan for life after debt


100+ Ways to Get Rid of Your Student Loans (Without Paying Them)

100+ Ways to Get Rid of Your Student Loans (Without Paying Them)

Author: SALT

Publisher: eBookIt.com

Published: 2015-07-31

Total Pages: 138

ISBN-13: 1456625233

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A number of programs exist that may forgive, discharge, or pay for all or a portion of your federal student loans. However, finding the ones that could work for you can be dizzying and confusing—especially if you have to do it out all on your own. That's why SALT created the 2015 edition of our loan forgiveness eBook, "100+ Ways To Get Rid Of Your Student Loans (Without Paying Them)." This easy-to-navigate eBook collects all of the discharge and forgiveness options you're looking for in one place. We haven't found another resource like it (and we should know—we've worked in student loans for more than 50 years). So, dig in to get the details on: * Federal programs like Public Service Loan Forgiveness and Teacher Loan Forgiveness. * State-by-state programs that could eliminate all of a portion of your student loans. * The next steps to take advantage of any of these options. Download your copy for free and learn more about how SALT helps young people borrow less, borrow smart, and repay their loans at saltmoney.org.


Student Loan Forgiveness or Ten Years to Life?

Student Loan Forgiveness or Ten Years to Life?

Author: Dane Spancake

Publisher: Archway Publishing

Published: 2016-07-29

Total Pages: 132

ISBN-13: 1480828939

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Repaying college loans can be so complicated its been said that before graduating, students should be required to take a course on the subject. But many students end up researching their options without much help, and answers on how to eliminate debt are hard to come bysomething that can be tremendously frustrating. Dane Spancake, a federal student loan counselor, helps you navigate the loan landscape with this guidebook. Learn how to: evaluate the positives and negatives of repayment schedule choices; weigh the pros and cons of income-driven repayment options versus alternative options; and determine if you qualify for loan forgiveness. Youll also learn how interest rates are determined, how annual payments are calculated, and the benefits of making consistent loan payments versus postponing repayment. Discover what youre up against when it comes to repaying college loansand pick the strategy that makes the most sense for you with Student Loan Forgiveness or Ten Years to Life?