Federal Student Loan Forgiveness vs Public Service Loan Forgiveness Can’t decide which student loan forgiveness program to apply for? You are not alone. Many college graduates today are looking to refinance or even consolidate their student loans to lower their interest rates. http://studentloansfaqs.net/federal-vs-public-service-loan-forgiveness/
Today, the standard federal student loan forgiveness program period is 10 years. For the borrowers who aren’t able to afford their monthly payments under the 10-year plan, the federal government has created income-driven repayment plans to help make student loan payments more affordable under the Federal Student Loan Forgiveness program. If you are looking to qualify for a federal student loan forgiveness program, continue reading.
What are good Federal Stafford student loans forgiveness programs? There are a few and some that you need to know in order to save money on student loans. There are several instances where you may qualify for loan forgiveness of your federal Stafford Loan