Student Loan Vs Public Service Loan

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Recommended: Issues with student loan debt

One of the biggest challenges students who are in debt face is getting out of it. Though it is not easy, there are ways of getting out of student loan payment if a student finds themselves unable to pay them. One option is the Income-Driven Repayment Plans where a student can stretch out their payments for 20-25 years and any balance at the end will be forgiven. This may sound great but depending on a student’s situation, could cause a student to lose for money in the long run. People who work in public service for at least 10 years can apply for the Public Service Loan Forgiveness if they qualify. If a student becomes a full time teacher in a low income school they may be eligible Teacher Loan Forgiveness. Some loaners provide loan forgiveness

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