Student Zoom provides the best student loan forgiveness services for private and federal loans in San Francisco, CA. Our company offers guidance and support to women and men of all ages in the San Francisco area who are interested saving money through student loan forgiveness. Student Zoom’s consultants have worked with thousands of individuals across the country and in San Francisco to help them get forgiveness for their student loans through our services. Our company proudly offers advice on student loan forgiveness to the residents of San Francisco, CA. Contact Student Zoom to get more information about student loan forgiveness in San Francisco.
With the economy being so tight recent college graduates are finding it difficult to pay back their student loans. For many of them student loan will be a spectre following them for decades after college. There are a few options students have to get at least a portion of their education loan forgiven. However this is only available after a certain amount of time has passed.
There are multiple programs available to benefit from this option. However each program has a specific set of criteria which you need to fulfil. Without understanding these, it is best not to commit to any one program. We have discussed two programs here.
Public service loan forgiveness (PSLF)
This loan forgiveness program was put together to promote public service as a full time employment to job seekers. To avail this individuals have to be in full time employment with certain public service organisations. They also need to have made 120 monthly payments while being employed full time in public service. The first qualifying payment should have been made after October 1st 2007. They also have to enrol in a repayment plan which is qualified under this scheme. If you satisfy these criteria then your remaining direct loans can be forgiven.
Teacher loan forgiveness (TLF)
This program is there to promote job seekers to apply for teaching jobs. To be eligible you should have taught in certain schools or agencies serving low income families. You also should have taught full time for 5 consecutive years.
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