Trusted Debt Solutions Offers Student Loan Forgiveness Programs - PowerPoint PPT Presentation

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Trusted Debt Solutions Offers Student Loan Forgiveness Programs

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Loan Forgiveness Program to encourage individuals to enter and continue to work full-time in public service jobs Under this program, borrowers may qualify for forgiveness of the remaining balance due on their eligible federal student loans. Federal student loans always have to be paid back. The loan program requires repayment after graduation or six months after the borrower is no longer attending college.These loans have varying repayment options, including deferring payments if the borrower is unemployed or underemployed. – PowerPoint PPT presentation

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Title: Trusted Debt Solutions Offers Student Loan Forgiveness Programs


1

Trusted Debt Solutions Offers Student Loan
Forgiveness Programs
  • Loan Forgiveness Program to encourage individuals
    to enter and continue to work full-time in public
    service jobs Under this program, borrowers may
    qualify for forgiveness of the remaining balance
    due on their eligible federal student loans.
    Federal student loans always have to be paid
    back. The loan program requires repayment after
    graduation or six months after the borrower is no
    longer attending college.These loans have varying
    repayment options, including deferring payments
    if the borrower is unemployed or underemployed.
  • Student loan forgiveness offers a few options to
    the borrower to give them the opportunity to have
    part or all of their loans forgiven under certain
    circumstances.
  • Volunteer Work
  • The federal government allows a borrower to
    volunteer with three different organizations for
    a partial and up to total loan forgiveness.
    Volunteer with Americorps for 12 months and
    receive up to 4725.00 for loan repayment.
  • Peace Corp volunteers will be granted loan
    repayment in differing amounts depending on
    length of service. Fifteen percent of the loan
    total is forgiven for each year of volunteer
    status with a maximum amount forgiven of 70
    percent.
  •  Military Service
  • Student borrowers have the opportunity to join
    the Army National Guard and receive up to 10,000
    for educational loan payments depending on length
    of military service.

2
  • Teachers
  •  Borrowers that become teachers in schools that
    have a certain population of low income students
    may be eligible to receive forgiveness of their
    Perkins loans. The National Defense Education Act
    allows teachers to have loans forgiven at a rate
    of 15 percent of the loan for each of the first
    two years of teaching and twenty percent in years
    three and four. Thirty percent of the loan is
    forgiven in the fifth year.
  • Teacher's in Mississippi that hold an alternate
    route teaching license and are employed in
    schools with a teacher shortage may be qualified
    to utilize the teacher loan repayment plan.
  • .
  • Legal and Medical Studies
  • Law school loan borrowers who work in nonprofit
    or public interest law positions may be eligible
    for student loan forgiveness. The US Department
    of Health and Human Services has a program for
    doctors and nurses who practice medicine in areas
    that do not have access to proper medical care.
    Federal loan borrowers should contact the
    American Association of Medical Colleges (AAMC)
    for a listing of all medical student loan
    forgiveness options.
  • Law Enforcement
  • Trusted Debt Solutions offers educational loan
    repayment. Student borrowers whose field of study
    were probation, law, parole, penology, or other
    related field of study have the eligibility to
    receive loan forgiveness, at the rate of 20
    percent a year, if they are employed as an Alaska
    State Trooper.
  • All of these programs are a fantastic way to
    serve your state or country and have the ability
    of receiving a forgiven loan. People who are
    interested in public sector work should
    definitely take advantage of one of these
    options. To Know more about  Loan-Consolidation
    and Loan-Forgiveness please visit here.
    http//trusteddebtsolutions.com/
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