Thanks for looking into stabilizing your future and reducing your Teacher Loan debt! Watch this video and checkout the rest of this article for more info:
Video Review of Student Loan Forgiveness Options:
As you may know, student loan debt has surpassed credit card debt and is in the $trillions these days:
Here is some links to see if you quality for the various programs oriented towards forgiving/reducing teacher loan debt:
1. Teacher Loan Forgiveness
2. Teacher Loan Cancellation
3. Public Service Loan Forgiveness
-Teach at a Title I school
-Never missed a payment
- Teach in a high needs field
- Direct Loan
-# of years of service
-120 (10 years) of qualifying payments (most likely will need to be on an income based repayment plan to qualify as typical education loans are set for 5 years).
-Work full-time for a government or not-for-profit.
-Income Based Repayment Plan can possibly help you save money each month on your current loan.
Here are 10 Tips for Student Loan Forgiveness that you don't want to miss.
If you are ready to invest in maximizing your future income potential, consider the above loan forgiveness programs as well as furthering your education. On average teachers in Colorado who have their master's degree raise their income on average by 7% each year. With a compound interest rate of 7%, it might be worth checking out your school district's pay scale and see if further education is worth the investment. If you'd like to talk to a certified life coach and professional education consultant, click here.
***This article is for informational purposes only. It is not intended to solicit financial advice or by any means determine if you and your specific loan/situation qualifies for any of these programs.***