The government has been working to help alleviate the growing student loan debt burden that is plaguing our economy. One of the ways they are making efforts is through a loan forgiveness program. While not everyone will qualify, it is a very significant step in a much needed direction.
Giving Back To Those That Give
The Public Service Loan Forgiveness Program (PSLF) is designed to encourage individuals to enter and maintain careers in public service positions. The program aims to help these individuals find forgiveness on their remaining student loan balances. If eligible, individuals could have their remaining loan balances forgiven on a Direct Loan after 120 qualifying payments have been made during their full-time employment.
The PSLF is a great opportunity to help those that help others. However, qualifying for this and the other programs available isn’t always easy. A student loan lawyer can help you determine if your eligible for a loan forgiveness program and even apply. Even if you aren’t eligible your student loan lawyer can find you debt relief in one of several other options available to you.