Can you ever imagine of not paying back your federal Stafford and Perkins loans. But this often comes true for many of the American students as a good number of effective programs are in place. Under these truly dedicated educational loan programs the students are partially and sometimes the full amount of loans are forgiven.
The process of student loan consolidation is easy and effective across the states of USA. Apart from requesting for a loan discharge available only under some extreme situations, a number of post-graduate programs and some career options will cover the cost of repayment of the student loans. For your information below is an overview of the some of the careers than facilitate to those options:
Lawyers: It is to inform that the Ambulance-Chasers on Television are not eligible. But, a number of law schools forgive the loan of their students who are serving as in public interests or non-profit attorneys. For more details on this topic you may contact the National Association for Public Interest Law at 1-202-466-3686 or contact the law school (website: http://directory.edvisors.com/Graduate_School/Law_School/) you are studying with. Review with your state agency for similar programs.
Volunteers: The specified categories of volunteers are offered with stipend and loan forgiven
ess alternatives if they are contributing a specified number of hours at service. For an instance, AmeriCorps offers $4700 as stipend on top of $4725 to be utilized as toward those employees’ student loans and including partial forgiveness of the Perkins loan amount in exchange of 12 month of service. Similar loan forgiveness and student loan consolidation options are available with VISTA and PeaceCorps.
Public Service Employees: If you are employed as a public servant and make 120 payments (roughly ten years) of the loan while employed, you are eligible to have the outstanding amount of loan forgiven. The public service employees holding the post of early education teachers, emergency medical technicians, public librarians, law enforcement officers etc. are the eligible candidates eligible under this programs. Income based-repayment of loans and complete or partial student loan consolidation is the other option for repayment for student loans. For more information, you may review the website
http://www.studentloannetwork.com/repayment/.
Teachers: American teachers employed in the specified categories educational institutions (elementary or secondary school for low-income families) are subjected to 30% Perkins loan forgiveness. If you are teacher fulfilling the above-mentioned terms of service you may contact your school district’s administration for information about the schools eligible for this option. In case your profile is no matching any of these loan repayment or student loan consolidation options, you may review the options mentioned under the loan consolidation section provided in the website http://www.studentloanconsolidator.com/.
Detailed review of the questions/queries from the students regarding student loan consolidation appears like the followings. Does your question matches the below one? If so, you may take a closer look at the FAQ section of the website studentloannetwork.com. I am a student and looking for the option of my student loan forgiveness. At present, I have the following types of federal loans:
Grad PLUS
Lawyers: It is to inform that the Ambulance-Chasers on Television are not eligible. But, a number of law schools forgive the loan of their students who are serving as in public interests or non-profit attorneys. For more details on this topic you may contact the National Association for Public Interest Law at 1-202-466-3686 or contact the law school (website: http://directory.edvisors.com/Graduate_School/Law_School/) you are studying with. Review with your state agency for similar programs.
Volunteers: The specified categories of volunteers are offered with stipend and loan forgiven
ess alternatives if they are contributing a specified number of hours at service. For an instance, AmeriCorps offers $4700 as stipend on top of $4725 to be utilized as toward those employees’ student loans and including partial forgiveness of the Perkins loan amount in exchange of 12 month of service. Similar loan forgiveness and student loan consolidation options are available with VISTA and PeaceCorps.
Public Service Employees: If you are employed as a public servant and make 120 payments (roughly ten years) of the loan while employed, you are eligible to have the outstanding amount of loan forgiven. The public service employees holding the post of early education teachers, emergency medical technicians, public librarians, law enforcement officers etc. are the eligible candidates eligible under this programs. Income based-repayment of loans and complete or partial student loan consolidation is the other option for repayment for student loans. For more information, you may review the website
http://www.studentloannetwork.com/repayment/.
Teachers: American teachers employed in the specified categories educational institutions (elementary or secondary school for low-income families) are subjected to 30% Perkins loan forgiveness. If you are teacher fulfilling the above-mentioned terms of service you may contact your school district’s administration for information about the schools eligible for this option. In case your profile is no matching any of these loan repayment or student loan consolidation options, you may review the options mentioned under the loan consolidation section provided in the website http://www.studentloanconsolidator.com/.
There are really effective options like turn multiple loans (private or federal) into a low, single monthly payment and most probably lower the interest rate. The website http://www.studentloannetwork.com/ provides vital information about loan repayment, for students loan consolidation; visit the help page of the web site http://www.studentloannetwork.com/repayment/.
Detailed review of the questions/queries from the students regarding student loan consolidation appears like the followings. Does your question matches the below one? If so, you may take a closer look at the FAQ section of the website studentloannetwork.com. I am a student and looking for the option of my student loan forgiveness. At present, I have the following types of federal loans:
Grad PLUS
- Unsubsidized Stafford
- Subsidized Stafford
- Previously consolidated federal loans from my Bachelor’s in Nursing (‘97-’01)
My am Looking for Answers to the Following Questions:
- Can I consolidate the above 4 types of loans together?
- When should I consolidate? Before or after July 1st? Does it matter? (Grad school was from 8/07 – 12/09)
- I’ve read about the PLUS loan loophole. Should I consolidate my PLUS loans separately to save 0.25%?
- Who can consolidate? Are there any options now other then the federal government? Will there be lower interest options in the future?
For immediate assistant in student’s loan consolidation, there are Student Advocates available from every Monday to Friday in every week that carefully reviews your questions and formulate the most workable answers within 24 to 48 hours after hearing from you. Besides this the FAQ section has been arranged with lots of valuable information and question answers on the topic of student loan consolidation.
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