Below you'll find a list of all posts that have been tagged as “public service loan forgiveness”
Reports about how hard it is to qualify for Public Service Loan Forgiveness (PSLF) are all over the place. Some think that after ten years of government or non-profit work, loans will easily disappear. Others indicate that 99% of the people who apply for Public Service Loan Forgiveness are denied …
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. …
Student loan forgiveness programs like Income-Driven Repayment and Public Service Loan Forgiveness are very popular with borrowers. These programs provide an excellent lifeline to borrowers in need. However, the unintended consequences of student loan forgiveness present major concerns from a policy standpoint. This article will focus on the concerns of …
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 …
Editor’s Note: This article was originally published on August 10, 2020. It has been updated to include new guidance on student loan forgiveness and the interest freeze provided by the Department of Education. The Coronavirus pandemic has caused the federal government to take unprecedented steps to help borrowers manage their …
Throughout the 2020 Democratic primary process, Mayor Pete Buttigieg has positioned himself as the moderate of the field. The Buttigieg plan for student loans is no exception. Unlike candidates Elizabeth Warren and Bernie Sanders, who are promising massive student loan forgiveness, Buttigieg’s approach is to make life with student debt …
It is hard to overstate the importance of deciding between aggressively paying off your student loans through refinancing or waiting for student loan forgiveness. Doctors, lawyers, and many other professionals with graduate degrees often have well over $100,000 in federal student loans, and the wrong decision could cost thousands of …
The dirty little secret of student loan debt is that there can be a very real penalty to getting married. Student loan forgiveness programs, such as Public Service Loan Forgiveness, require a borrower to enroll in an Income-Driven Repayment (IDR) Plan. The benefit of an IDR plan, is that borrowers …
In this giant mailbag we will be covering a range of student loan questions: everything from Cost of Attendance issues to the timing of an Income-Driven Repayment Plan request. We also have a few Public Service Loan Forgiveness questions to cover as well. If you have a question for the …
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 …
