Learn More About Your Options For Student Loan Forgiveness
What is Student Debt Relief?
Student debt relief encapsulates several loan forgiveness programs and solutions under Obama’s Loan Forgiveness Act.
The Public Loan Forgiveness Program (PSLF) encourages individuals (graduates and students) to seek gainful employment in the public sector. For example:
- Police Officers
The PSLF is designed to help borrowers working in public service jobs see if they qualify for loan forgiveness after making 100+ payments on those loans while employed.
To be clear, this isn’t finite. In many situations, students and graduates qualify for loan forgiveness. To find out if you’re a candidate, give us a call: (800) 940-8911.
How do I know if I Qualify for Student Debt Relief?
Finding out if you qualify for student debt relief requires a bit of research, but it’s a worthy endeavor, as it can save you thousands of dollars in the long run. Additionally, companies like Goodbye Loans are centered on helping individuals find out if they qualify and doing 90% of the legwork on your behalf, which ultimately saves you time and money. In summary, it’s not that painful!
Public Service Loan Forgiveness exists because of Obama’s Loan Forgiveness Program implemented in 2007. The objective, as mentioned, was to encourage qualified graduates to pursue careers in the public sector. As a result, help people consolidate your federal loans in a qualifying program.
Forgiveness only applies to federal student loans. Though private loans are ineligible for forgiveness, we have partner banks that focus solely on helping individuals consolidate their private student loans.
STUDENT LOAN FORGIVENESS
Student loan debt has reached an all-time high, and according to the Consumer Financial Protection Bureau, the total amounts to around $1.2 trillion. Goodbye Loans can help determine if you qualify for the student loan forgiveness as a result of your educational experience.
Goodbye Loans matches thousands of graduates with federal programs that are offered by The Department of Education to consolidate and lower their current Federal student loans. We help you take advantage of the latest regulations put in place by Congress and President Obama and potentially save thousands of dollars. Debt is hard to ignore. When you’re staring down a ballooning credit card balance and fending off insistent phone calls from angry creditors, it can be an all-consuming enemy.