You may be eligible for loan principal reduction, loan forgiveness or a complete loan discharge depending on your circumstance.
Programs and Qualifications
Public Service Loan Forgiveness
Full-time in a public service position provides possible eligibility for the public service loan forgiveness plan. The balance of your federal Student Loan could be completely forgiven after you have made 120 payments under certain repayment plans.
Teacher Loan Forgiveness
The Teacher Loan Forgiveness Program is the most beneficial to teachers, as it allows for early forgiveness as well as the principle reduction. Teachers might be eligible for $5,000 to $17,500 in principle reduction under certain circumstances. The main reason for the principle reduction is to get people to go into the field of teaching, as well as to stay in the teaching field. Teachers qualify for complete loan forgiveness after 10 years of payments and service as a teacher.
Total and Permanent Disability Discharge
If you are unable to work due to a physical or mental impairment, you might qualify for a discharge of your Federal Student Loan Balance.
Education Support Center is a specialize company that educates student loan borrowers on government programs and prepare applications for applicants who wish to enroll into the various programs offered through The Department of Education. We will counsel and walk you through your options and help prepare and finalize your documents, depending on which program(s) you choose. Education Support Center is not affiliated with Federal, State, or Local Government agencies. Education Support Center is not a loan servicer or originator. Consumers with student loan debt have the legal right to use an attorney or process federal student loan services documentation on their own behalf through the Department Of Education.