WAYS TO RECEIVE STUDENT LOAN FORGIVENESS — UNITED AID GROUP

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WAYS TO RECEIVE STUDENT LOAN FORGIVENESS

UNITED AID GROUP
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You may have heard there are ways to get your
student loans forgiven, but you might not know
how or where to start. United Aid Group is here
to help!  Weve put together a comprehensive
guide on student loan forgiveness so that you can
learn about the different programs available and
decide which one is right for you.
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WHAT IS STUDENT LOAN FORGIVENESS? The government
offers student loan forgiveness as an incentive
to encourage people to enter certain professions.
If you work in public service or for a non-profit
organization, you may be eligible for student
loan forgiveness after 10 years of paying your
student loans. You can also receive student loan
forgiveness if you become disabled or
die. Student loan forgiveness is a way of
reducing or eliminating your student loan debt.
Its important to understand that student loan
forgiveness is not automatic you must apply for
it and meet specific qualifications. If you think
you might be eligible for student loan
forgiveness, contact your loan servicer to find
out more. THE DIFFERENT TYPES OF STUDENT LOAN
FORGIVENESS PROGRAMS There are four main types of
student loan forgiveness programs
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1. The Public Service Loan Forgiveness
Program This program forgives the remaining
balance on your Direct Loans after you have made
120 qualifying monthly payments while working
full-time for a qualifying employer. To be
eligible, you must work for a government,
nonprofit organization, or public service job. 2.
The Teacher Loan Forgiveness Program This program
forgives up to 17,500 of your Direct Loans if
you teach full-time for five complete and
consecutive academic years in a low-income
elementary or secondary school or educational
service agency. You must also have been a
highly-qualified teacher during that time. 3. The
Perkins Loan Cancellation and Discharge
Programs These programs cancel your Perkins Loans
after making qualifying monthly payments or
working in specific professions. For example, you
may be eligible for cancellation of up to 100 of
your Perkins Loans if you teach full-time in a
primary or secondary school serving low-income
students, for at least five years.
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HOW TO QUALIFY FOR STUDENT LOAN FORGIVENESS There
are a few ways that you may qualify for student
loan forgiveness. You may be eligible for the
Public Service Loan Forgiveness Program if you
work in specific public service jobs. This
program forgives the remaining balance on your
Direct Loans after you have made 120 qualifying
monthly payments while working full-time for a
qualifying employer. If you are not employed in
public service, you may still qualify for loan
forgiveness through an Income-Driven Repayment
Plan. These plans are designed to make your
monthly student loan payments more affordable
based on your income and family size. Any
remaining balance on your loan will be forgiven
if you make payments for 20 or 25 years
(depending on the plan). If you are having
trouble making your monthly student loan
payments, you should contact your loan servicer
to discuss your options. They may be able to
offer you a different repayment plan or
deferment, or forbearance, which would allow you
to stop making payments or make lower payments
temporarily.
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WHAT TO DO IF YOU CANT QUALIFY FOR STUDENT LOAN
FORGIVENESS If youre struggling to repay your
student loans and cant seem to qualify for
student loan forgiveness, dont despair. There
are still options available to help you get out
of debt.  Consolidate your loans into a single
loan with a lower interest rate. This can help
you save money on interest and make your monthly
payments more manageable.  Refinance your
loans. This involves taking out a loan with a
lower interest rate to repay your existing loans.
This can also help you save money on interest and
lower your monthly payments.  Temporarily
postpone. If youre having trouble making your
monthly payments, you may be able to temporarily
postpone them or reduce the amount you owe each
month through an Income-Driven Repayment Plan.
You can learn more about these options by
contacting your loan servicer. Several private
organizations offer student loan assistance
programs. These programs can help you lower your
monthly payments or even get your loans forgiven.
Do research before selecting a program, as some
programs may have fees or other
requirements. Whatever option you choose, dont
give up hope of becoming debt-free. With a little
effort and perseverance
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CONCLUSION There are several ways to receive
student loan forgiveness through the United Aid
Group. You can work for a qualifying employer,
join the military, or become a public servant. If
you cannot do any of those things, you can
consolidate your loans or make income-based
repayments. Many options are available to help
you get rid of your student loans, so dont give
up hope.  Talk to a representative from
the United Aid Group today to see what option is
best for you.
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Contact US
Location- USA Address- 501 West Broadway
Suite 800,San Diego, CA 92101 Phone Number-
888-262-9957 Social Accounts-
https//www.facebook.com/UnitedAidGroup/ Email-
support_at_uagroup.org Office Hours- Monday
Saturday 900 am 500 pm (PST)
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Thank You
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