Student Loan Debt Elimination Review, The 5 Things You Must Know To Eliminate Student Loan Debt!
Review of student loan debt elimination, debt forgiveness for student loans and student loan debt reduction programs. The 5 things you must know about managing student loan debt relief!
If you are one of the millions of Americans indebted to the government for a student loan, you are probably finding out that stopping government efforts to collect the loan is no easy task.
The government has picked up the student loan tab for two decades and is now taking a firm stand against ex-students who are not paying what they once promised to repay.
There are several programs available to help You:
- student loan debt reduction
- student loan debt counseling
- student debt counseling
- student loan debt relief program
- debt forgiveness for student loans
- private student loan debt consolidation
These are just a few debt elimination options.
Veterans have benefited from the GI Bill and were rewarded for performing their duty to the United States with grants and loans.
Start Your Student Loan Debt Elimination Plan Today!
Student loan debt statistics, Low - income, inner city people were given the opportunity for a higher education through the 1960’s anti-poverty programs, and the numerous scholarships, grants and loans designed especially for them.
Millions more took advantage of the governments generosity in the late 1970’s and 1980’s. Government guaranteed student loans reached nearly $12 billion dollars in the late 1980’s.
And if a student defaulted on the loan, the original lender (the college or bank) never worried about repayment, they just collected from the government. About 14% of all students owing government guaranteed loans defaulted on the loans, don't join that 14% follow a proven student loan debt elimination plan.
According to the Department of Education, student default on loans comes closer to 20% in the 1990’s. By early 1990, the government paid nearly $13 billion dollars on student default loans.
A decade ago, the government took seven or eight years to contact a student about a defaulted loan. Today the government actively pursues its ex-student debtors.
Managing student loan debt can be one of the toughest obligations to shake, but it is entirely possible to work your way out of a student loan problem, with a student loan debt elimination plan, debt forgiveness for student loans is possible, eliminate student loan debt, today.
The government has no qualms about intercepting your tax refund to pay your loan, or attaching your wages, placing a lien on your property, or suing to get you to re-pay your debt.
Student Loan Debt Elimination, Learn How To Cancel Your Student Loan!
Did you know that you could cancel your obligation to repay your student loan? The federal government can forgive student loan debt.
Some reasons: You die or have an accident and become totally disabled. Also if you enlist in certain Armed Forces, program, you will not be forced to pay the entire loan as the Defense Department will pick up some of the obligation when you enlist.
Which loans can be canceled for these above reasons?
- Guaranteed Student Loans (GSL)
- Project Literacy U.S. Loans (PLUS)
- Supplemental Loans for Students (SLS)
Student Loan Debt Elimination, Learn How:
- Your National Direct Student Loan (NDSL) can also be canceled for the above reasons and the following:
- Some of your loan will be canceled for each year you are employed in a Head Start program. Seven years in a Head Start Program and your entire loan is canceled.
- Some of your loan will be canceled for each year you are employed as a full time teacher of handicapped children, or teach in a low-income school district. After five years, it is canceled completely.
- Certain Health Professions loan programs forgive all or part of the loan upon performing certain conditions of the loan usually service in a designated specialty or geographic area for a certain time period. These conditions will be stated in your contract.
- And finally up to 70% of student debts will be canceled if you join the Peace Corps.
Through various grants and loans, the federal government has subsidized higher education for students for over 45 years.
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