Student Loan Forgiveness

Find out which program is right for your student debt repayment and see if you qualify for student loan forgiveness.

We Aim to Make a Better U.S. - One Former Student at a Time

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We pride ourselves in providing compassion driven assistance for student borrowers. Every single member of our team has or has had student loan debt, just like you. We know how it feels to have that heavy burden riding on your shoulders with the only visible solutions being twisted up in the confusing maze that makes up the student loan system. That’s why we made it our life’s work to learn, master and educate others about student loans.

  • Our specialists are student loan encyclopedias
  • We’ll help you navigate the various student loan forgiveness programs
  • Almost all federal student loans have a chance to qualify for forgiveness

Our Process: 6 Easy Steps To Student Loan Forgiveness

Whether you can afford your current student loan payments or are struggling like most of us, everyone can stand to save money. Especially when we’re talking about the amounts of money that typically comes with student loan debt. We’ll help you analyze your current situation, understand your options, gain the knowledge to make a concrete decision and implement it successfully.

Step 1

You'll want to begin your forgiveness journey by calling us - That's the best way to get all the info you need.
(877) 217-6232

Step 2

We'll go over things like your loan amount, term and status coupled with income figures, people dependent upon you, etc.

Step 3

This info is only for use with loan forgiveness estimation formulas, which will give you a solid idea of what to expect.​

Step 4

After we discern the best plan for you, we'll provide you with professional insights of your potentials.

Step 5

Once you're confident and satisfied, we'll get to work communicating with lenders and the Department of Education.

Step 6

We'll take care of everything from there, you'll receive confirmation by mail or email shortly after.

It only takes around 10 minutes to determine your eligibility, and your consultation is absolutely free.

Different Kinds of Student Loan Forgiveness

A few different options of student loan forgiveness programs are available. In general, there are three categories: federal student loan forgiveness, state-sponsored student loan forgiveness, and job specific student loan forgiveness.

Federal Student Loan
Forgiveness

The most broadly utilized loan forgiveness programs are usually federal programs. These federal student loan forgiveness plans are focused on certain fields, such as teaching, and the nursing and medical professions. Comparable to state programs, the requirements and guidelines for qualification tend to be highly specific.

Job Specific Loan Forgiveness

Job Specific Student Loan
Forgiveness

Some private employers offer student loan debt forgiveness with the intention to attract employees. These programs work in a way that’s much like state and federal programs.
State sponsored student loan forgiveness

State Sponsored
Student Loan Forgiveness

Many states offer loan forgiveness programs that work in a way similar to federal loan forgiveness programs. Requirements usually include that someone is a resident of the state for a particular amount of time, and they will usually need to work in certain careers, often within the public sector.

Student 
debt relief
 is a few steps away!

Program Selection

One of our experts will help determine which student loan forgiveness program is right for you.

Time is Limited

New student loan forgiveness options are available for 2019, but time and space is limited!

Submit Application

We will assist you in submitting your application for student loan forgiveness or discharge.

Student Loan Forgiveness from an Repayment Plan

You can also receive student loan forgiveness after making a certain number of payments under an income-driven repayment schedule. These plans reduce your student loan payments to a certain percentage (usually 10% – 20%) of your discretionary salary. After 20 or 25 years of payments under this plan, your leftover balance could possibly be forgiven.

Student Loan Forgiveness from an Income-Driven Repayment Plan

Here is a quick breakdown of the different plans and how long they will require you to make payments for. For more information and eligibility requirements, please visit our income-driven repayment plans guide.

  • Income-Based Repayment (IBR) enrolled before 7/1/14: Repayments are 15% of discretionary earnings for 25 years.
  • Income-Based Repayment (IBR) signed up after 7/1/14: Payments are 10% of discretionary earnings for 20 years.
  • Pay As You Earn (PAYE): Repayments are 10% of discretionary earnings for 20 years.
  • Revised Pay As You Earn (REPAYE): Installments are 10% of discretionary earnings for 20 years (undergrad loans) or 25 years (graduate and specialist loans)
  • Income-Contingent Repayment (ICR): Repayments are 20% of discretionary income OR the quantity you would pay on a repayment plan with a set payment over 12 years, modified to your income. Payments must be made for 25 years.

See if you qualify for student loan forgiveness!

One short form and/or a 10 minute phone call is all it takes to find out.

Loan Forgiveness Programs in 2019

The Teacher Loan Forgiveness Program contains the following features and requirements: You have to teach full-time for five sequential, complete years To meet the requirements, teachers need to work in low-income educational institutions or an educational service agency Loan forgiveness can be obtained for loan amounts up to $17,500 This plan can be used on Direct Subsidized and Unsubsidized Loans as well as Subsidized and Unsubsidized Federal Stafford Loans, but not for private student loans (if you have private loans, we have compiled a list of financial institutions that provide private student loan refinancing). In order to be eligible, you will need to have been employed after the 1997-1998 school year for a minimum of one year out of the mandatory five.

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To be eligible for the federal Teacher Loan Forgiveness Program, you must meet certain qualifications beyond working full-time in specific schools. For instance, you must:

  • have obtained at least a bachelor’s degree
  • have received full state certification as a teacher
  • In addition, you can’t have had your accreditation or licensing prerequisites waived for any excuse.
  • The institution you work at (elementary school or secondary school) or the instructional service agency in which you’re currently employed must be listed in the Annual Directory of Chosen Low-Income Schools for Teacher Cancellation Benefits, which is created by the Department of Education annually.

The maximum amount of loan forgiveness offered under this program is either $5,000 or $17,500, depending on what area of interest is taught. The maximum amount is available for teachers who teach mathematics or science at the secondary level or for special education teachers. Perkins Loan Forgiveness You can find Federal Perkins Loan cancellation programs available based mostly on either eligible employment or qualified volunteer service. Here are essential things to know about Federal Perkins Loan cancellation:

  • There are Perkins Loan Forgiveness options for teachers as high as 100 percent of the loan should they have worked full-time in a public or nonprofit primary or secondary school system.
  • Many other sorts of employment qualify for Perkins Loan Forgiveness, such as being a law enforcement officer, military service, or being a health professional or medical technician
  • This program is likewise available for people who become public defenders or serve in AmeriCorps VISTA or the Peace Corps For most occupations, as much as 100 percent of the loan can be canceled with 5 years of eligible work service
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The Perkins Loan Forgiveness Program is very broad and applies to many occupations and even volunteer work. In contrast to the Teacher Loan Forgiveness Program, you don’t need to be certified or licensed for cancellation if you are a instructor. You do have to be described as a full-time employee, nonetheless. Just how much that’s canceled annually is incremental. For example, 15 percent of loan debts can be canceled per year for the first and second years that a person works in a qualifying position. Subsequently, for the third and fourth years, 20 percent may be canceled, and for the fifth year, 30 percent can be canceled. The canceled sums each year include interest that accrued during that year.

Testimonials

Former Students

Hear what just a few former students and holders of federal student debt had to say about their newfound forgiveness.

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