PSLF is designed for lower income borrowers; like teachers, who may otherwise have difficulty repaying their student loan debt. These borrowers require college education for their professions, but often don’t see the salary increase of other college graduates. Many of these employees have been counting on PSLF since its inception in 2007, only to find out that they didn’t meet very specific eligibility criteria. This article talks about flaws and solutions for PSLF program flaws so borrowers can get the student loan forgiveness they’ve earned.

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I have a Parent PLUS Loan in my name for one of my children.  How can I change the loan to put it 100% in my child’s name, removing my name completely? Are there several choices?  Or only a few?   Refinancing is only way to transfer ownership of a Parent PLUS loan from you […]

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I will be starting my online MSN program and I’m wondering what my options are for financing the degree and for loan forgiveness after graduation.   It sounds like you have two questions. 1. How can you pay for the MSN program? 2. What student loan forgiveness options are available? Strategies for paying for your […]

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I work at a non-profit and I’m getting payment from my employer totaling $10,000 over 5 years in the Tuitionio program. I’m currently repaying under the extended graduated repayment plan. My question is about student loan forgiveness given I work for a non-profit. I heard that if you do the required payment plan based on […]

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Two finance professors out of Appalachian State University, Jarrod Johnstone and Ivan Roten, took a look at Income Based Repayment (IBR) and Public Service Loan Forgiveness (PSLF) and the possible impact this may have on individuals, college tuition and the economy. IBR has been around since 2009 and capped payments at 15% of discretionary income […]

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North Carolina Senator Kay Hagan and Iowa Senator Tom Harkin (both Democrats) are sponsoring new legislation that would strengthen existing servicemember benefits related to student loans and expand them. The bill was introduced June 5th and is partially in response to the Justice Department’s recent ruling against some student loan servicers that were overcharging soldier […]

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We wrote earlier this week about President Obama’s budget proposals that will impact student loans. Chief among them is making all student loan forgiveness tax free and expanding PAYE to all borrowers. These are great proposals and would greatly help those struggling with student loans. But, excepting a few pieces of promising legislation by Elizabeth […]

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Our men and women in uniform protect us every day from threats outside of our country and inside.They serve in times of natural disaster to restore order, deliver supplies and provide access to necessities. And they do this not only in America but abroad as well. It seems that the least we can do is […]

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If you work for the government, non-profit, school, library, most any public service organization and many non-profits, you may be eligible for student loan forgiveness. Last week the Consumer Financial Protection Bureau (CFPB) announced that many people who are eligible for this excellent benefit are not unloading their loans. Roughly 25% of Americans work in […]

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