Student loan forgiveness is handled on a case-by-case basis and depends on a number of factors. Some of these factors include location, vocation, tax filing status, number of dependents, current income, and even the remaining balance of your federal student loans.
Contact us to see if you qualify for a federal loan forgiveness program.
There are a ton of Federal Loan Forgiveness Programs out there. Here are just a few:
The application process for student loan forgiveness takes anywhere from 60 to 90 days depending on a number of factors. Once enrolled into a student loan forgiveness program, the forgiveness process can take anywhere from 10 to 25 years depending on circumstances.
Student loans become delinquent after the first missed payment. If this continues longer than 270 days, the student loans are considered in default. Defaulting on student loans can drastically affect your financial future by:
The court uses a three-part test to determine hardship: