A few years ago, I was looking for a career path in which I could contribute something back to my community. To achieve that goal, I had to pursue higher education. At the time, I thought I would finish college, graduate, find a job and live happily ever after. However, I quickly realised that reality didn’t always follow the plan.
I graduated in 2015 with over $80,000 in student loan debt. This left me wondering how I would ever repay student loans loan forgiveness as such a large amount of money. Several lenders offered money to me, but they all wanted to know where I planned on working or when I expected to pay off my debt. When I told them I wasn’t sure yet where I would work or when I would pay back their money, they refused to give me their services. Thankfully, I stumbled across many platforms like (greatlakes student loans,sallie mae student loans,wells fargo student loans) and started researching federal Student Loans Loan Forgiveness options.
What Happens Next?
After reviewing my situation on student loans loan forgiveness, the site recommended William D. Ford Federal Direct Consolidation Program as my top option. This program allows borrowers to consolidate all their national student loan service into one low monthly payment. After completing the application, I received notification that my offer for student loans loan forgiveness has been accepted, and I could now begin making payments toward my loan consolidation.
How Much Can I Save With student loans loan forgiveness?
By combining multiple programs and policies, I can save thousands of dollars yearly on my student loan interest rate. Because my balance is around $30,000, I have saved approximately $1,500 per month since beginning my loan consolidation journey. Once my remaining balance reaches zero, I will no longer owe any money! My savings continue until the loan has been fully forgiven.
Who Are Qualified For student loans loan forgiveness? Students may qualify for Student Loan Debt Relief if they meet specific criteria:
- Have at least a half-time enrollment status (12 credit hours)
- Be enrolled full time and attend school regularly
- Not be delinquent on your loan payments
- Have not defaulted on your loan(s)
- Have an income below 150% of the poverty level
- Have made at least 12 consecutive months of loan payments and many more
Option’s from where you can get the Student Loans
Greatlakes student loans
A GreatLakes student Loans representative may contact you via telephone or text message (SMS) with information about our products and services. Greatlakes student loans Services–more often referred to simply as Great Lakes is one of 10 companies currently licensed to handle federal loans for students. As one of the biggest student loans loan forgiveness, Greatlakes student loans works with more than 6000 institutions and millions of pupils across the country.
Sallie Mae Student Loans – The Way To Pay Your College Tuition
Sallie Mae Student Loans is a company that offers its clients various financial services such as online personal loans, auto insurance, Mortgage processing, credit card cashback, etc. Sallie Mae also provides educational services to students by offering private student loans. Sallie Mae is a subsidiary of Bank of America Corporation.
The Sallie Mae Student Loans is an unsecured, federally guaranteed Stafford Loan. Sallie mae student loans available to undergraduate students attending public and private institutions. You can get this loan from Sallie Mae without submitting proof of income or assets. However, you must be enrolled at least half-time and maintain satisfactory academic progress.
The Sallie Mae Student Loans Advantage Plan is another type of loan that you can take out to help cover college costs. Unlike the Stafford Loan, it requires a minimum credit score of 620. In addition, you need to show proof of income and assets.
What Are Wells Fargo Student loans?
Wells Fargo student loans are available to students who demonstrate need. They’re also known for undergraduate study at two and four-year colleges, technical schools, junior colleges, vocational schools, graduate schools, business schools and nursing schools.
You can get wells Fargo student loans without needing to prove your income or assets. However, you do need to have a good credit history.
What is a National student loan service?
The National Student Loan Service (NSLDS) is the U.S. Department of Education’s (ED’s) central student aid database. National student loan service receives information from guarantee organisations, schools, The Direct Loan program, and other Department of ED programs. National student loan service Student Access provides a central, integrated overview.
Conclusion
I hope this article helped you understand how student loans work and what options are available to you for clear Student Loans Loan Forgiveness. I encourage you to explore all your repayment options to find one that works best for you.
