how to apply for loan forgiveness navient

The Public Service Loan Forgiveness PSLF program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 CCRAA to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public serviceThe program permits Direct Loan borrowers who make 120 qualifying monthly. The Department of Education on Wednesday announced it has approved a proposal by Navient one of its major student loan servicers to transfer its federal student loan portfolio to a new company.

Are You Struggling With Student Loan Debt You Re Not Alone This Is A Unbelievable List Of Student Loan Forgiveness Student Loan Debt Paying Off Student Loans

If you dont know which types of loans you have check the Account Summary page after logging into your Navient account or log in to the National Student Loan Data System.

. Federal regulations provide options including Income-Driven Repayment IDR plans other repayment plans deferment forbearance and loan forgiveness. The Navient settlement agreement includes student loan forgiveness for certain private student loans and modest restitution for some federal student loan borrowers. The Public Service Loan Forgiveness PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 10 years qualifying. If you are employed by a government or not-for-profit organization including religious organizations you may be able to receive loan forgiveness under the Public Service Loan Forgiveness Program.

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