Save Money Today on Your Student Loans
Banking on the Public Service Loan Forgiveness program? It has been considered one of best chances for a college graduate to get their debt cancelled. But newly released data suggests it's far from a shoe-in. Apparently, 99% of applicants to this government program have been rejected.
So if you're hoping to get your loan discharged, you may want to keep your options open to other possibilities. That's where state programs come in.
If you live in Indiana, you may qualify for a student loan forgiveness program just for people who live in your state: the Richard M. Givan Loan Repayment Assistance Program Scholarship.
This program is designed to encourage lawyers to work with nonprofits that serve low-income clients. How it works: Attorneys at these organizations are offered forgivable student loans. This removes the barrier to accepting a job that may not come with the salary necessary to pay back law school loans.
The option to defer federal student loans may feel like a safety net — even if you've never done it, you like the idea that you could if you needed to. Maybe that notion has even stopped you from refinancing to a lower interest rate with a private lender. That means you mean be paying more than you need to for a benefit that you may or may not use.
So can you defer private student loans if you decide to refinance? The short answer: No, you can't defer private student loans in the traditional sense. But the long answer is much more nuanced. Many private lenders offer some form of assistance if you experience an economic hardship.
Student loan debt is higher than ever, and the burden on new college graduates can be severe. In fact, research shows that it will take most graduates nearly 20 years to pay off their loans.
If you’re a healthcare professional in Arizona, you might be able to qualify for student loan forgiveness through the Arizona Student Loan Repayment Program (SLRP). The program is designed to encourage healthcare professionals to work in underserved areas of the state.
Think you might qualify to get your federal student loans forgiven under the Public Service Loan Forgiveness (PSLF) program? Here’s a step-by-step on how to qualify—and how to get your loans forgiven.
If you're struggling with student loans, you’re not alone. On average, graduates leave school with $37,172 in education debt. Worse, it takes most people nearly 20 years to pay off the loans in full.
If you’ve decided to tackle your debt by refinancing your student loans, going through a credit union instead of a traditional bank can be a smart choice that can save you money. Even better: There's a new, innovative lending platform that can make finding the best deal a whole lot easier. Let's talk about how to find a loan through LendKey.