Student loan forgiveness programs are not new, however there are a several things happening that have made these programs a hot topic.
Student Loan Debt Relief
This program provides millions of people across the country an opportunity to lower their federal student loan debt by $10,000-$20,000. The online process makes it easy to apply.
Public Service Loan Forgiveness Program
This program allows employees of qualified nonprofits and government employers to apply for the forgiveness of their federal loans. Applicants who apply before October 31st, 2022 have access to additional payment and loan benefits that are not guaranteed to applicants who apply later.
Studentaid.gov is a great resource that can help you answer questions about which loan forgiveness programs you may qualify for. The site provides step-by-step instructions to verify which programs you qualify for and how to apply.
The amount of debt you owe has an impact on how much a loan company will allow you to borrow. Get familiar with the available loan forgiveness programs so you can take full advantage of opportunities to lower your debt and increase your buying power.
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