The Teacher Loan Forgiveness Program is a student loan forgiveness program by the United States Department of Education. The sole purpose of this program is to encourage individuals to enter and stay in the teaching profession without thinking too much about the loans which they have acquired during their academics. Teachers who provide full-time direct classroom teaching or classroom type teaching in a non-classroom setting for a period of five complete tax years and consecutive academic years in listed and eligible school or school district may have their loans forgiven if they have acquired a federal student loan.… [Read more]
A few days ago, I logged into my student loans account to pay my monthly bill. I was confused and surprised to find that my $80,000 balance was at $0. I spent twenty minutes attempting to figure out how my loans were paid off, gave up and went to bed.
That night I dreamt of men in suits being sprinkled with fairy dust and pressing the delete key for automatic student loan forgiveness across the world.… [Read more]
US House Representative Hansen Clarke from Michigan introduced HR 4170, or the Student Loan Forgiveness Act, on March 8th, a bill that is extremely important in this economy, especially to the Millennium Generation. If passed, the bill would forgive outstanding student loan debt to any person who makes consecutive payments of at least 10 percent of discretionary income for ten years. … [Read more]