Various Student Loan Forgiveness Programs – Alum Financial

Various Student Loan Forgiveness Programs – Alum Financial

Source: https://alumfinancial.wordpress.com/2019/08/22/various-student-loan-forgiveness-programs-alum-financial-services/

Did you know that there are numerous programs to have student loans forgiven? Yes! Student loan forgiveness is not a myth. Many of these programs are not advertised and most people don’t even realize that they are eligible to have a huge sum of loan wiped off their shoulders.

The loan service providers usually do not inform you about these. But do not worry! Alum Financial Services educates individuals about such programs to relieve them from the stress. Our goal is 100% client satisfaction, 100% of the time. Find various loan forgiveness programs below-

Student Loan Forgiveness Under this program, the Department of Education forgives any unpaid balance, provided you must have made your payments for the allotted time.

Teacher Loan Forgiveness This is the most beneficial program for teachers. Not only does it offer early forgiveness but also reduces the principal amount. Its major aim is to get people into the teaching line and make them stay in this field.

The outstanding payment is completely forgiven after 10 years of payments and service as a teacher.

Public Service Loan Forgiveness Under the Public Service Loan Forgiveness, the unpaid amount on your Direct Loans may be forgiven only if you have made 120 qualifying payments while working full-time in certain public service positions.

Also, in order to receive loan forgiveness, you must be enrolled in repayment plans – standard, IBR, ICR, Pay as you Earn, or any other repayment plan where your monthly installment is equal to or greater than what your payment would be under the Standard plan.

Total and Permanent Disability Discharge In case, you are unable to work due to mental impairment or physical injuries or in extreme case of death, you qualify for a complete discharge of your Federal Student Loan balance.

For more details, you can contact Alum Financial Services. Our representatives are always ready to help customers with their student loan debt. We work in your best interest. Find out more about us and our services on our official website.

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