A major perk of working in public service and as a teacher is student loan forgiveness. Congress enacted a variety of different student loan forgiveness programs. Our student loan attorney at Hoverson Law Offices, P.A. can explain these programs to you and determine whether you satisfy the eligibility requirements. It’s important to consult with an experienced student loan attorney to help you to determine whether you qualify for this great program.
About Public Service Loan Forgiveness
This student loan forgiveness program is available to borrowers who work for government entities or non-profit organization for ten years. Their loans are repaid through an eligible repayment plan. The remaining balance is forgiven after ten years of service is completed, and the forgiven balance isn’t taxed either.
About Teacher Student Loan Forgiveness
Up to $5,000 of forgiveness is given to those who are full-time teachers for five years straight in certain schools that serve those in low-income families. For those who teach math or science in these schools, the limit is $17,500. Borrowers with a loan balance prior to October 1, 1998, are not eligible for this student loan forgiveness program.
Schedule a Free Legal Consultation with a Student Loan Attorney in Minneapolis Today
To learn more about student loan forgiveness, and to determine if you’re eligible for it, contact our student loan attorney at Hoverson Law Offices, P.A.. We serve the Minneapolis Minnesota community and all surrounding areas. Our experienced attorney understands all laws pertaining to student loans and can review your finances thoroughly. In order to schedule a free consultation and debt evaluation today, call our MN law office at 612-349-2728.
