Below you'll find a list of all posts that have been categorized as “Student Loan Forgiveness”
At first glance, the decision is easy: student loan forgiveness on an IDR plan is obviously better than repaying the debt in full, even if forgiveness takes 20 years. Upon closer reflection, things are not so obvious. Twenty years of living with debt is a long time. Between taxes and …
As a student loan borrower, I’m excited about the possibility of some form of student loan forgiveness happening in 2021. Democratic leaders like Elizabeth Warren and Bernie Sanders appear eager to cancel federal student debt. In Joe Biden, they have a powerful ally in the White House who may be …
We ranked the best student loan forgiveness programs according to how easy they are to qualify for and how many borrowers could be eligible. Some programs require borrowers to be in a specific field or occupation. Other programs only apply to federal student loans. Student loan forgiveness can also have …
Federal student loans have excellent perks like Public Service Loan Forgiveness (PSLF) and Income-Driven Repayment (IDR) Forgiveness. Borrowers who work for an eligible employer can have their student debt forgiven after just 10 years. Those who don’t work for a public interest employer have to wait for 20 years for …
Chasing after student loan forgiveness seems like an obvious decision. Student debt disappearing is far preferable to the painful process of repayment in full. However, if we look beyond the obvious, there are significant pros and cons to going after student loan forgiveness. Student loan forgiveness comes in many forms. …
Many borrowers end up with gaps in their student loan repayment. These repayment gaps can affect the chase for student loan forgiveness. Sometimes a break in payments can be the result of a simple accident, such as a missed payment. Other times, a financial hardship may force a borrower to …
In this edition of the Student Loan Sherpa Mailbag, we take a look at Steve’s Public Service Loan Forgiveness dilemma. Steve is just a few years away from qualifying for Public Service Loan Forgiveness (PSLF). A big jump in salary, however, has him questioning whether PSLF has an income limit …
In this week’s mailbag, we got an interesting question from a reader who formerly worked for the government and wants to know if any of that time could be credited towards Public Service Loan Forgiveness. If you have a question for the Sherpa, feel free to send an email. From …
