ThePublic Service Loan Forgiveness Program (PSLF)forgives the remainder of your loan balance after you have made 120 payments on your student loans under a qualifying repayment plan while working full-time for a qualifying employer. This is a great program for both nurses and healthcare workers s...
Nurses can find many federal, state, local and private student loan forgiveness and repayment programs.
This loan cancellation program is much more lenient in how much of your student loans it will cancel out. You can have up to 100% of your Federal Perkins loan forgivenin the following increments. For the first two years, you can have 15% of the originalprincipalloan amount canceled each y...
The next tear of student loan forgiveness is the Public Service Loan Forgiveness Program. This program is also fairly new and was created in October 2007. This program much like the Obama program makes a person pay one hundred and twenty payments towards their students loans before qualification ...
Nurses have several student loan forgiveness options: PSLF, Perkins loan cancellation and the NURSE Corps Loan Repayment Program, which pays up to 85% of qualified nurses’ unpaid college debt. However, PSLF may be the most likely option for most nurses — few borrowers have Perkins loans, an...
Let's Figure Out Your Loans If you are like most medical professionals, you are concerned about your loans. There are several different ways to deal with them and we can help you figure out all of your options. Ask about student loan forgiveness for nurses. How it WorksLearn...
#1 Public Service Student Loan Forgiveness Of all the loan forgiveness programs, Public Service Loan Forgiveness (PSLF) is the best. It allows borrowers with federal student loans to have all of their qualifying debt eliminated after ten years of public service. The cherry on top? The government...
Direct Loans are eligible for the most forgiveness programs. Other types of loans — such as Federal Family Education Loans (FFEL), Parent PLUS Loans, or Perkins Loans — may also be eligible depending on the program. To find out if you qualify for any student loan forgiveness programs, or...
The downside of this type of student loan forgiveness is that you could be hit with a tax bill. If the amount forgiven is considered taxable income, you should plan to start saving for taxes now. Your loans may also qualify for forgiveness underborrower defense to repayment. This applies to...
Who qualifies for PSLF? Forgiveness through IDR Next steps Terms to know In the context of student loans, three terms are used to refer to the ending of a borrower’s obligation to repay their debt: discharge, cancellation, and forgiveness. While each term means all or a portion of ...