Did you know that the government’s Public Service Loan Forgiveness Program promises to cancel any remaining student debt for those who work for the government or non-profits and have been making continuous payments for 10 years?
Wait! What? Loan forgiveness. Is that for real?
Yes, it’s a real program to encourage people who have big student loans to stay in lower-paying jobs serving the public such as teachers, public defenders, Peace Corps workers, and law enforcement officers.
To learn more about it, read the full article found here at CNN online.
If you have the right kind of loans, the right kind of job, and are enrolled in an income-driven repayment plan, you may qualify! If you’re interested in using your savings towards home ownership, call me when you’re ready to talk.