Do you have student loans? If so, you are far from alone. You’ve probably heard of a program that forgives student debt. But, chances are, you don’t know much about it.
According to a recent article by CNN Money, it’s a real program… and you might just qualify. But don’t get too excited yet. Only a small niche of debtors qualify. Plus, the program takes 10 years to pay off.
“The government’s Public Service Loan Forgiveness Program promises to cancel any remaining student debt for those who work for the government or non-profits and have been making continuous payments for 10 years. It encourages people who have big student loans to stay in lower-paying jobs that serve the public.
Many teachers, public defenders, Peace Corps workers, and law enforcement officers fit the qualifications. More than 400,000 people have applied for the program so far.”
The article goes on to explain that the process to get started in this program can be a little confusing. However, CNN Money gives a detailed list of steps to get you started.
Click here to read the full article, and follow the steps to see if you qualify.
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