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What is student loan forgiveness?


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Answered 2012-02-17 17:45:53

Student Loan Forgiveness is when a student can't pay a loan that he owes and so the government has money to pay for that loan if he/she is unable to make the payments on it.

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Looking though the internet I found that the student loan forgiveness is supported by President Obama there are no programs that forgives the complete loan. If you are a teacher and need the student loan forgiveness you can access to the U.S.Department of Education and there will be more information.


There are many programs which offer student loan forgiveness. These often involve working in government positions in underserved communities.


If an individual has all the charges of their student loan cancelled out by the government, that is considered "loan forgiveness". This was started in 2012


The student loan forgiveness act only applies to Federal student loans so you would need to check what kind of loan you have. Then if you have a lot of loans you could think about consolidating them.


To get student loan relief an individual should research information on the Student Loan Forgiveness Act.


One can get a loan forgiveness for a student loans by visiting an employment center where they will help one pay of their loans or pay the entire amount them selves.


To go about getting a student loan forgiveness, I suggest talking to whoever runs the student loans at your university or college. Just try and get them to cut your student loan down a bit. Check out this website for more details: http://www.loansavers.org/qa-how-do-i-go-about-getting-forgiveness-for-my-student-loans-by-teaching-in-a-high-needs-school-2778.html


You can learn more about the Student loan forgiveness act at "www.loansafe.org", as well as many news websites such as cnn.com using the keywords "loan forgiveness act". The act was forged in an attempt to ease the financial burden of graduates in order to help boost the economy.


You can ask him what type of loan he got and then see if it matches with the student loan forgiveness act criteria. This act forgives a wide array of loans but the government is having a tough time deciding what to do with it because the student loan debt is around 1 trillion dollars.


Anyone can apply for student loan forgiveness due to financial hardship. There are several programs you could look into depending on your circumstances. The forms are available online and can be found easily. Try income based student loan relief for a starter.


There are different student loan forgiveness programs out there to help pay off your loans. Some sites are: www.finaid.org/loans/forgiveness.phtml and also www.staffordloan.com/repayment/forgiveness.php.


The forgiveness occurs when a student falls behind by either reducing the capital to be paid, reducing the interest rates or allowing a longer period of time to pay back the loan.


Student loan forgiveness is forgiven if one doesn't have any money at all to pay of the loans. This doesn't happen often but some companies forgive the loans when it is proven in court that one cant pay the loan.


Well, the Student Loan Forgiveness Act provides a variety of benefits to students using their program. However, they have also reduced a significant amount of debt over the years.


There are forgiveness options for some people. What are you looking for?


Yes, both government and private loan companies have student loan forgiveness programs. You must meet their requirements in order to be eligible for them which includes but is not limited to military service, volunteer work, or any other task specified in the particular Student Loan Forgiveness Program you are applying for.


There are multiple ways to qualify for student loan forgiveness depending on the type of loan one has received. Some of the ways to qualify are military service, volunteer work, teaching in low income schools, and medical or legal work in a non-profit environment. Loan forgiveness varies for each individual and should be researched based on the type of loan received.


If you accumulated student loan debt while you were in college, it is important to research the stipulations of the Student Loan Forgiveness Act. This piece of legislation was designed to reduce the load of debt repayment in some situations. The Student Loan Forgiveness Act provides for Income-Based Repayment. This benefit can help if you are a low-income household. The Act also provides for debt to be forgiven in some situations after a certain time period has passed.


Well, I would recommend finding information about the student loan forgiveness act at FinAid because they offer a variety of services. They also offer their services for a fee of no charge.


This act has not passed yet, it was introduced in March 2012. If it does pass it hopes to strengthen the economic recovery. Doing so by student loan forgiveness, caps on interest rates on Federal student loans, and refinancing opportunities for private borrowers.


IBRinfo and finaid dot com are some of the places to start looking information on student loan forgiveness. According to law, people can benefit from certain rules like removal of student loan debt if one serves for more than 10 years in public service.


Graduates who are interested in having a part or all of their student loans repaid should take the time to learn as much as they can about the student loan forgiveness program offered by the federal government. Students with either federal student or private student loans can have some or all of their student loan debt forgiven by the federal government simply by taking advantage of certain employment and volunteer positions in disadvantaged neighborhoods or by joining the military.The Student Loan Forgiveness ProgramCertain professionals such as doctors, lawyers, nurses, teachers and military professionals that take advantage of certain programs can have their student loan forgiven by participating in eligible programs. Although the Student Loan Forgiveness program is offered by the federal government, the program is available to students with both federal and private student loans.The Student Loan Forgiveness Program is a Good Alternative to RepaymentFor graduates who are having trouble meeting their repayment obligations, the Student Loan Forgiveness Program may be their best option. By taking advantage of this program many students can have some or all of their student loans, including private loans repaid by the government.There Are Many Programs That Offer the Student Loan Forgiveness ProgramGraduates who are interested in taking advantage of the Federal Student Loan Forgiveness program will find that there are quite a few number of work and volunteer opportunities to choose from, including but not limited to the military. To take advantage of the program, teachers, doctors and lawyers may find themselves offering their services in low income areas.Students May be Liable For Taxes if Their Student Loans Are ForgivenDepending on the provisions of a graduates student loans, graduates who have their student loans forgiven partially or in full may have to pay taxes on the amount forgiven on their student loans. However, that is not always the case so it is important that graduates check the provisions of their loan to determine if in fact they will be required to pay taxes on any portion or all of the student loan debt that is forgiven by the federal government.


Everyone has to repay the federal student loans. However some people are eligible, dependent on the job that they get after graduation, to have loan forgiveness for a portion of their loan. In that case they will only have to repay the portion of the loan that is not forgiven.


There are several places you can look around to find student loan forgiveness options for teachers. This is one of the several websites I came across. http://studentaid.ed.gov/PORTALSWebApp/students/English/cancelstaff.jsp


Yes, both government and private loan companies have student loan forgiveness programs. You must meet their requirements in order to be eligible for them which includes but is not limited to military service, volunteer work, or any other task specified in the particular Student Loan Forgiveness Program you are applying for.



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