What you need to know about student loan forgiveness

Posted on October 3rd, 2013

Planning on entering public service after college so you can have your student loans forgiven? It’s more complicated than you think.

Think about how often you change your mind. There’s no way to be completely certain that your plans won’t change sometime in the next four years–or in the ten years you have to commit to a public service position in order to be eligible for student loan forgiveness.

The same thing applies if you’ve already graduated and are in working in the public service field. Don’t stop paying your student loans under the assumption they’ll all go away someday.

If you’re thinking about taking advantage of public service student loan forgiveness, check out this helpful guide from Huffington Post.

Before committing to take out a significant amount of money to pay for college, you need to be sure you’re fully aware of what’s involved and 100% sure you’re willing to make the investment. Student loan forgiveness is great if you’re eligible, but it should be considered more of a safety net than a concrete plan.

Category: Financial Aid, Student Loans & Repayment

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