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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.
What else can I help you with?
What types of student loans does the 2012 student loan forgiveness act forgive?
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.
Where can one go to get help with student loan debt relief?
To get student loan relief an individual should research information on the Student Loan Forgiveness Act.
Is the Student Loan Forgiveness Act effective?
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.
Which loans are eligible for student loan forgiveness?
Federal student loans are typically eligible for student loan forgiveness programs, such as Public Service Loan Forgiveness and Teacher Loan Forgiveness. Private student loans are generally not eligible for these forgiveness programs.
Benefits of the Student Loan Forgiveness Act?
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.
What are some common questions about student loan forgiveness?
Common questions about student loan forgiveness include: "How do I qualify for loan forgiveness?", "What types of loans are eligible for forgiveness?", "What are the requirements for Public Service Loan Forgiveness?", and "How do I apply for loan forgiveness?"
Where can I find online information about student loan forgiveness act?
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.
What is student loan forgiveness?
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.
What are the details on the student loan forgiveness act?
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.
Who should I contact for student loan forgiveness?
You should contact your loan servicer or the Department of Education for information on student loan forgiveness programs.
How can I check on student loan forgiveness?
You can check on student loan forgiveness by contacting your loan servicer or the Department of Education to see if you qualify for any forgiveness programs based on your specific circumstances.
Will the Student Loan Forgiveness Act apply to me?
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.
