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.
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?"
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.
You should contact your loan servicer or the Department of Education for information on student loan forgiveness programs.
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.
Contact the servicer that handles your loans. There is no "forgiveness" for financial hardship. You may be able to file for hardship consideration to postpone payment or to reduce your payments by consolidating the loan and extending the terms, but the debt is not erased. If you consolidate, keep in mind that the loan is no longer a "student loan" and is not subject to those terms any longer.
To apply for student loan forgiveness with Sallie Mae, you need to contact them directly and inquire about their forgiveness programs. They may have specific requirements and processes for loan forgiveness that you will need to follow.
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.
You will know if you are approved for student loan forgiveness by receiving a notification from your loan servicer or the forgiveness program. This notification will confirm that your application has been accepted and your loans will be forgiven.
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
One can consolidate their Federal Student Loans from the following sources: Debt Free Direct, Consolidation Loan Centre, Student Aid, Loan Consolidation, Fin Aid.