Student Loan Debt Relief
If someone walked up to you and said, “Hey, do you have an hour or less to answer a few questions and do a couple of annoying tasks?” would you do it?
What if this inconvenience could pay you $5,000? $10,000?? $20,000???
Well, it’s finally here…maybe. The government has decided to give student loan borrowers some relief on their debts. There are all kinds of rules and requirements for the different levels of relief and having researched all of this for you, thinking I would write a comprehensive article, I can tell you: the rules are complicated and are different for different people.
Why? Because we all have some degree of:
working different jobs
working for different companies
having different household income levels
different types of loans
going to different types of schools
and on and on!
I’ve read articles from Forbes, to Investopedia, to the government student aid website. And no matter how comprehensive the site is, it does not feel much clearer. In fact, the more comprehensive, the more your eyes will tear up! And, things change based on the date your reading about it!
This is why I realized that another comprehensive article woud be a waste of time.
So cut the fat and just go to one (or all) of these student aid links, whether you think you qualify or not:
A list and description of all the loan forgiveness programs.
Specifically for the Public Service Loan Forgiveness Program.
Although some teachers can get the above loan forgiveness Teacher Loan Forgiveness program.
Then there’s the Student Debt Relief program.
This byzantine system will make your mind spin, almost guaranteed, but if you have student loan debt, it is worth your time to explore and basically start applying to everything until you are certain that you do not qualify.
I emphasize “certain” for a specific reason: It is easy to start feeling confused and decide something along the lines of, “I give up! I probably don’t qualify anyway!”
This is understandable, but remember what I said at the top about what if you were asked to spend an hour on something annoying, would you do it?
For $5,000?
$10,000??
$20,000???
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