STUDENT LOAN FORGIVENESS WHAT IS STUDENT LOAN FORGIVENESS ? Student Loan Forgiveness is a financial relief scheme that eliminates a portion or complete of a borrower's student loan debt. These borrowers have taken out loan to pay their college or university fee. This scheme is been introduced to help borrower's reduce their debt burden and improve their personal finance. The US Government invest a good amount from budget plan for student loan forgiveness. DIFFERENT TYPES OF LOAN FORGIVENESS PROGRAM : a. Public Service Loan Forgiveness(PSLF) Program b. Teacher Loan Forgiveness Program c. The Perkins Loan Cancellation Program d. Total & Permanent Disability e. Closed School Loan Discharge f. Borrower Defense (School Misled) g. False Certification Discharge h. Forgery Loan Discharge i. Discharge in Bankruptcy j. Discharge due to Death ELIGIBILITY CRITERIA AND STEPS TO APPLY FOR DIFFERENT LOAN FORGIVENESS PROGRAM : a) Public Service Loan Forgiveness Progra...
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