To Qualify For Student Loan Forgiveness Under Adjustment, Do These Things, Says Education Department

The Department of Education has released new guidelines for student loan forgiveness with adjustments that might qualify borrowers to have their student loans forgiven. If you want to take advantage of this benefit, here are a few things you need to do. Firstly, have a Direct Loan or Federal Family Education Loan Program, either unsubsidized or subsidized. Secondly, make sure they’re on a repayment program. Thirdly, make 120 payments, and these payments should be in full and on time. Lastly, work in a public service job for qualifying employers during those 120 payments. Although this is not an easy task, it can mean the end of your student loan debt. If you’re thinking of applying for student loan forgiveness, there is additional information on the Department of Education website. This could be life-changing news for students who have gone through college only to be consumed by debt at the end. Hence, it’s essential to listen up and follow the guidelines to a T.