Teachers to qualify for Loan Forgiveness involves multiple criteria as listed below. Question Answer Who qualifies for teacher loan forgiveness? Highly qualified teachers who have taught full-time for 5 complete and consecutive academic years in qualifying low-income elementary and secondary schools, as well as educational service agencies with a high concentration of students from low-income…
Best Student Loan Repayment Plans There is no one-size-fits-all answer to this question as the best student loan repayment plan for you will depend on your individual circumstances. Here are some options to consider: Standard Repayment Plan This is the default repayment plan for federal student loans. It requires fixed monthly payments for up to…
Student Loan Discharge Options There are also several loan discharge options available to borrowers who meet certain criteria. A loan discharge cancels your obligation to repay all or part of your loan. Here are some common types of loan discharge options: Total and Permanent Disability (TPD) Discharge If you’re unable to work due to a…
Federal Student Loan Forgiveness Options There are several loan forgiveness options available to borrowers with federal student loans, including the Public Service Loan Forgiveness (PSLF) program and income-driven repayment (IDR) plans. Public Service Loan Forgiveness (PSLF) Program: The PSLF program is a federal program that forgives the remaining balance on Direct Loans for borrowers who…
Student Loan Forgiveness with Nelnet If you have student loans, you may be eligible for loan forgiveness, which allows you to have all or part of your loan balance forgiven. Loan forgiveness programs are designed to help borrowers who are having difficulty repaying their loans and may be available to those who work in certain…