Master Student Loan Repayment Easily with Expert Strategies
The Role of Loan Forgiveness Programs
Loan forgiveness programs offer a valuable opportunity for borrowers to eliminate a portion of their student debt. The Public Service Loan Forgiveness (PSLF) program, for example, forgives the remaining balance on Direct Loans after 120 qualifying monthly payments under a qualifying repayment plan, while working full-time for a qualifying employer such as a government or non-profit organization1.
Teachers, nurses, and other professionals in specific fields may also qualify for loan forgiveness programs tailored to their professions. These programs often require a commitment to work in underserved areas or in high-need positions for a certain number of years.