What Is Public Service Loan Forgiveness
While there is no way to magically make your debt disappear, there are several ways to get your loans forgiven. One of those ways is through public service loan forgiveness. The Obama administration made it possible for those working in a government organization to apply for federal student loan forgiveness. If you are not a government employee, consider these other student loan forgiveness programs.
The public service loan forgiveness program forgives federal student loans for certain borrowers. No matter of your position, if you work for one of the following, you may be eligible for the program:
A government organization, which includes federal, state, local, tribal organization or college/university, or public child or family services agency.
- Peace Corps
- A tax-exempt nonprofit under 501(c)(3) of the IRS tax code (check with your employer)
- A nonprofit organization that provides one of following public services:
- Emergency management
- Military service
- Public safety
- Law enforcement
- Public interest law services
- Early childhood education
- Public service for individuals with disabilities and the elderly
- Public health
- Public education
- Public library services
- School library or other school based services
Certain employers that may be in the above categories may not be eligible if they are partisan political organizations, part of a labor union, or religious organizations.
What Can Student Loan Services Do For You?
Studentloanhelp.me can help determine if you might qualify for the student loan forgiveness. Our team of dedicated student advocates will help reduce your monthly cost to the minimum amount possible until such a time that forgiveness may be a possibility.
We help match thousands of graduates with federal programs that are offered by The Department of Education to consolidate and lower their current Federal student loans. We help you take advantage of the latest regulations put in place by Congress and President Obama and potentially save thousands of dollars. Debt is hard to ignore. When you’re staring down a ballooning credit card balance and fending off insistent phone calls from angry creditors, it can be an all-consuming enemy.
Give us a call today at (888) 272-9613 and get ready for a debt free future!Check Eligibility