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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.
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What is the student loan forgiveness act?
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 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.
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.
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 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.
Does the Higher Education Act provide for student loan consolidation?
The Higher Education Act does provide student loan consolidation under the Federal Family Education Loan and Direct Loan programs. The loan consolidation may lower interest rate and extend the amount of time to repay.
Organizations That Offer Student Loan Forgiveness?
Are you wondering if there's any way to get out of paying your hefty student loan? Believe it or not, the government will actually waive a portion of your loan under some circumstances. This program is called student loan forgiveness and it may be worth looking into.RequirementsIn order to have your entire student loan, or at least a portion of it, waived so that you don't have to repay it, certain guidelines must be met. If you've performed volunteer work or been a part of the military service, you may qualify for student loan forgiveness. Depending on your community, you may also be able to receive student loan forgiveness if you either teach or practice medicine. Since every forgiveness program is different, you'll have to meet the criteria laid out by the specific program.Volunteer WorkThe main volunteer programs that offer student loan forgiveness are AmeriCorps, the Peace Corps and Volunteers in Service to America, or VISTA. You'll have to serve one year in AmeriCorps in order to qualify. If you're a member of VISTA, you'll need to have completed 1,700 service hours. The PeaceCorps offers both loan deferment and partial forgiveness.Military ServiceCollege students who are also part of the Army National Guard are often eligible for the Student Loan Repayment Program. Students can receive as much as $10,000 in loan forgiveness.National Defense Education ActThe National Defense Education Act will pay a portion of the Perkins Loan for students who become full-time teachers. The teacher must be employed in either an elementary school or secondary school that serves kids from low income families. The longer the teacher is employed by the school, the higher a percentage of the loan will be paid.Medical and Legal StudiesPhysicians and nurses who agree to practice for a predetermined number of years in particular areas of medicine can receive loan forgiveness. The U.S. Department of Health and Human Services offers this program through the Nursing Education Loan Repayment Program and the National Health Service Corps. Many law schools will also repay student loans as long as the student works in either a public interest position or for a non-profit company.
Can a teacher in a low income area who has consolidated her Stafford and Perkins loans receive a forgiveness and if so how?
If you are working for a public school (or any sort of public service), and if you received student loans after October 1st of 2007, you are eilgible for loan forgiveness thanks to the College Cost Reduction and Access Act that was passed in September of 2007 after 10 years of service. Unfortunately, from what I know, the act does not benefit those in public service who received loans before October 1st, 2007. -------------------------------- -See link below for more Federal Loan forgiveness programs... http://www.aft.org/tools4teachers/federal-programs.htm
GPA vs. act score?
A student with a 4.0 GPA and a mid-ranged ACT score such as a 25 suggests that he either struggled with the ACT, or is a really hard worker in order to acheive his grades. On the flipside, a student with a 2.0 GPA and a 30+ ACT suggests that the student doesn't apply himself in school. I don't know about you, but i take the 4.0 over any ACT score if the student doesn't apply himself. Colleges are starting to look at the GPA more and more at the GPA and class rank and less and less at the ACT. Plus, ACT scores don't have a strong correlation or a correlation at that between how high the ACT score is and how well they do in college. Bottom line is, if you believe and put the time into your studies in college, you will do just fine in college with a <25 ACT or a >30.
Should a person ask for forgiveness before you give it to that person?
OpinionArguably, if you are not willing to forgive unless asked for forgiveness, then your forgiveness is not real. It is an act of extreme charity to genuinely forgive someone who has not asked for that forgiveness.
