Eligible Loans for Student Loan Forgiveness
In today's employment market, a college education is an absolute requirement for most careers. However, the skyrocketing cost of tuition has meant that few students can actually afford a bachelor's degree, making federal student loans an attractive option to finance their time at school.
Yet all too often following graduation, young adults are unable to find lucrative positions within their field that would allow them to repay their debt. That's why Student Loan Forgiveness programs were developed by the federal government. Many graduates are unaware that this option is open to them and can actually reduce their student loan burden significantly. The Student Loan Relief Center, Inc. is the leader in student loan consolidation, forgiveness and disability discharge services, and can help you determine whether you are eligible for this assistance and negotiate the most attractive package possible for you.
What does student loan forgiveness mean?
If you qualify for student loan forgiveness, all or part of the remainder of the amount of your loan can be forgiven, or in other words, discharged - anywhere from a few thousand dollars to over $100,000 of federal student loan debt. These programs allow individuals who choose certain career paths or face difficult financial situations to eliminate their student loan debt.
Surprisingly, many of these programs have few applicants due to the lack of public knowledge about this attractive option. This makes it all the more likely that if you qualify, you can benefit immensely through applying for student loan forgiveness with the Student Loan Relief Center.
How does it work?
There are several student loan forgiveness programs available to graduates, and whether you qualify for any depends on your particular situation. Currently, these are some of the major types of conditions under which you may be able to discharge your federal student loan or loans, according to the U.S. Department of Education:
- Borrower's death or permanent disability
- Bankruptcy filing
- Teacher in an elementary or secondary school for 5 years
- Employee at an educational service center helping low-income families for 5 years
- Public service employee.
Within each of these categories, certain requirements must be met in order to qualify for the program. These include your length of full-time employment as a teacher, the number of monthly payments already made toward your loan, the organization you work for, the type of federal loan you initially received and the nature of your bankruptcy or physical injury. The experts at the Student Loan Relief Center can advise you on the particulars of your case and help you reduce this debt as much as possible.
There are numerous types of federal loans that apply to these varied student loan forgiveness programs. If you have loans under any of the following categories, you may qualify for these benefits. Eligible loans include:
- Subsidized Federal Stafford Loans
- Direct Subsidized Loans
- Subsidized Federal Consolidation Loans
- Direct Subsidized Consolidation Loans
- Federal Insured Student Loans
- Guaranteed Student Loans
- Unsubsidized and non-subsidized Federal Stafford Loans
- Direct Unsubsidized Loans
- Unsubsidized Federal Consolidation Loans
- Direct Unsubsidized Consolidation Loans
- Federal Plus Loans
- Direct Plus Loans
- Direct Plus Consolidation Loans
- Federal Perkins Loans
- National Direct Student Loans
- National Defense Student Loans
- Federal Supplemental Loans for Students
- Parent Loans for Undergraduate Students
- Auxiliary Loans to Assist Students
- Health Professional Student Loans
- Health Education Assistance Loans
- Nursing Student Loans
- Loans for Disadvantaged Students.
How do I begin?
To find out whether your qualify and how much you can save on your student loans through one of these programs, all you have to do is contact one of the experts at the Student Loan Relief Center. We can evaluate your specific case and advise you on how the process works in further detail, as well as work on your behalf to secure the maximum savings given your circumstances, allowing you to break free from the stress of repaying student loans.
- Included - Guaranteed Student Loan Forgiveness & Lower Payments.
- Included - Teacher Student Loan Forgiveness Tax Evaluations.
- Included - Roll Up Past Payments For Credit Toward Forgiveness.
- Included - Forbearance With No Payments Due For Up To 12 Months.
- Included - Student Loan Consolidation.
- Included - Garnishment Releasement.
- Included - Collections Releasement.
- Included - Disability Discharge.