student loan foregiveness programs

Teacher & Disability Forgiveness There are other programs that offer student loan forgiveness as well, but they are not part of the Obama Student Loan Forgiveness (Direct Loan) program. These are separate programs that exist specifically to help teachers by offering principal reduction, or the disabled by offering a complete discharge on your federal student loans. For more information on these programs please visit the Teacher Loan Forgiveness page, or the Total & Permanent Disability Discharge page. ********************************************************************************************************************************************* Public Service Loan Forgiveness Payments made in the Direct Loan program in an IBR, ICR, or PAYE repayment count as qualifying payments for those who work in the public sector and would like to apply for public service loan forgiveness. In the public service loan forgiveness program, you may qualify for forgiveness after 10 years or 120 payments instead of the standard 20-25 year forgiveness. Unfortunately, many people are not aware that they must be in the Direct Loan program and in one of the correct repayment plans to qualify for this forgiveness. The public service loan forgiveness program is also quite often confused with the term Obama Student Loan Forgiveness. ********************************************************************************************************************************************* Student Loan Forgiveness At The End Of The Term If you enroll into either the Income Contingent, Income Based, or Pay As You Earn repayment plans, you loan balance would be forgiven at the end of the term if you still have a remaining balance. The term of the loan would be between 20-25 years depending on which repayment plan you choose, and when your loans were originally borrowed. How much you will forgiven will depend on your original loan amount, how much you are earning, and how much your earnings fluctuate during your repayment term. ********************************************************************************************************************************************* (for complete article) http://www.studentdebtrelief.us/forgiveness/obama-student-loan-forgiveness/