I keep looking periodically to see if loan forgiveness will ever be an option. I have ~$46,000 in loans. I work in public health. I found out recently that my loans (FFEL) do not qualify for public service loan forgiveness. I’m at about year 9 of paying on my loans. Why do they care what type of federal loan you have?? It’s a federal loan and I work in public health (aka, not that much money compared to the private sector). Okay, Gripe #1 over 🙂 Gripe #2: I have a permanently disabled 7 year old son…non-verbal, intellectual disability, etc. Is there any kind of help with loans for this situation? I have seen loan forgiveness for the disabled….should also work for families with children who are disabled.
May 3, 2014
I share your gripe about FFEL loans… it is definitely a ridiculous issue. They can be consolidated via federal direct consolidation and everything pretty much stays the same… but because some people didn’t go through that red tape, they have to start towards ten years from the beginning.
A recent law change did fix a similar issue for some people on the wrong repayment plan, but I haven’t heard anything about a similar FFEL fix.
As for gripe #2, I don’t know of any kind of help for this particular situation. Having child can lower your income-driven monthly payments, but unfortunately I’m not aware of any extra breaks for parents with special needs kids.
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