I have a $65,000 in federal student loans. I’ve heard there’s a way to get loan forgiveness after 20 years. Can you talk to me about what that is?   Federal student loans are all potentially eligible for forgiveness after 20 to 25 years of payments on one of the four income-driven repayment plans. I […]

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Hi, I’ve been working full-time for a non-profit and making payments on my Direct Consolidation Loan under an income-driven repayment plan since 2016. How do I track the progress I’ve made toward PSLF?   Public Service Loan Forgiveness, or PSLF, is a federal loan forgiveness option. It forgives the remaining balance of Federal Direct Loans […]

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Hi I’m wondering if you can talk me through if I’m going to actually get Public Service Loan Forgiveness. I’ve seen a lot in the news about people getting denied and I’m worried.   Only about 1% of the borrowers who applied have had loans forgiven under Public Service Loan Forgiveness (PSLF). That’s enough to […]

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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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How can I consolidate my student loans? How do I know if consolidation will be beneficial?   If you want to consolidate your federal student loans you can apply for a Direct Consolidation Loan on the federal aid website.   A couple of things to know about student loan consolidation: Direct Consolidation Loans are only […]

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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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Nothing is certain, they say, except death and taxes. And it used to be, repayment of federally guaranteed student loans was about as certain as things get. The reason: Probate laws. Here’s how it works When you die, all property attached to your name falls under the control of a bunch of attorneys at the […]

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If you are a teacher, no doubt you picked your profession based on your love of children and education and not for the money. Starting teacher salaries aren’t that high and if you’re also dealing with the burden of student loans, that salary may seem lower still. But there are some great programs teachers can use to […]

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