Forgiveness Programs

Navy Student Loan Repayment Program Helps With College Debt

Navy Student Loan Repayment Program Helps With College Debt

Military service members have many opportunities for education benefits, including the Navy Student Loan Repayment Program. This program offers active-duty service members up to $65,000 in loan repayment in exchange for three years of service. Service members must have qualifying loans and be in good standing with their lender to be eligible. This program is …

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Student Loan Tax Deduction to Save Money

Student Loan Tax Deduction to Save Money

It is no surprise that student loans are a major source of money. Many borrowers are focused on repayment options and loan forgiveness, but there are tax deduction opportunities that offer great benefits. You can qualify for a $2,500 tax deduction on student loans due to educational expenses. First, make sure you check your eligibility. This guide …

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Income-Driven-Repayment-Plan

13 FAQs for Income-Driven Repayment Plan

You may have been advised to enroll in the Income-Driven Repayment option if you are experiencing financial difficulties. In times of economic hardship, this repayment plan is often preferred over other options, such as forbearance. Particularly, people were more likely to struggle with repayment during the COVID-19 epidemic. The Income-Driven Repayment Plan was, therefore, more important. This …

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FedLoan Student Loan Forgiveness Programs - Will I Qualify

FedLoan Student Loan Forgiveness Programs: Will I Qualify?

FedLoan student loan forgiveness is a government program that allows borrowers of federal student loans to have their remaining loan balance forgiven after making a certain number of qualifying payments. To be eligible for Fedloan student loan forgiveness, borrowers must first complete 120 qualifying payments while enrolled in a qualifying repayment plan.  What is FedLoan …

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