If you repay your loans under an income-driven repayment plan, the remaining balance on your student loans will be forgiven after you make a certain number of payments. Learn more about federal student loan benefits for members of the U. Upon successful completion of the service, members are eligible to receive a Segal Ameri Corps Education Award which can be used to repay qualified student loans.
Law enforcement has taken notice of this relatively new industry.
Illinois Attorney General Lisa Madigan is cracking down on companies that can’t deliver on their “too good to be true claims” to reduce or eliminate student loan debt.
Earlier this month, Illinois became the first state to file a lawsuit against a student loan debt relief agency.
However, there are very specific eligibility requirements for each situation in which you can apply for loan forgiveness or receive help with repayment.
Loan forgiveness means that you don’t have to pay back some or all of your loan.
You never know what you may be eligible for, so take a look at the options we have listed below.
The first three options focus on loan forgiveness programs.
The next two options are government programs based on your service.
If you teach full-time for five complete and consecutive academic years in certain elementary and secondary schools and educational service agencies that serve low-income families, and meet other qualifications, you may be eligible for forgiveness of up to a combined total of ,500 on certain federal student loans.