The Public Service Loan Forgiveness Program was created to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, you may qualify for forgiveness of the remaining balance due on your eligible federal student loans after you have made 120 payments on loans under certain repayment plans while employed full time by certain public service employers. Working for a nonprofit qualifies!
Congress made federal student loan debt non-dischargeable in personal bankruptcy proceedings, meaning that even if youâ€™re dead broke with absolutely no ability to repay, you can never extinguish your student loan debt. Knowledge and Awareness is the only weapon to fight and eliminate debt along with the help of payday loan lenders for a stress free life.
I was glad to read that kind of talk.I could just say that debt forgiveness is a fantastic thing for many people, as it means less than the whole of a debt has been compensated though the debt has been satisfied. However, it's considered taxable income and the mistake of a debt forgiveness tax break for foreclosures or short sales of homes is set to bite some taxpayers. Resource for this article: Debt Settlement