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This breaks down to an estimated $41,618 in total average student loan debt.
If you have student loan debt,student loan forgiveness programscould help.
If you qualify, student loan forgiveness could eliminate any remaining debt you owe after a certain point.
Notably, these programs primarily work for federal student loans.
Private student loans generally dont qualify.
These are some of the biggest student loan forgiveness programs today, and how to qualify.
If you qualify, you could get the remaining balance on Direct Loans forgiven.
Youll need to certify your employment using your most recent W-2 or your employers Federal Employer Identification Number.
This has made the online app process for certain programs temporarily unavailable.
However, new applicants cansubmit a paper loan consolidation software.
Teacher Loan Forgiveness
Teachers may receive student loan forgiveness of $5,000 to $17,500.
To receive benefits for PSLF, you must make 120 more qualifying monthly payments that werent part of TLF.
Submit the completed software to your loan servicer, but only after completing 5 consecutive years of teaching.
The Chief Administrative Officer of your school or educational service agency must complete the certification section.
Submit separate applications to each loan servicer.
Not everyone qualifies for student loan forgiveness programs (but many borrowers do).
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