The Student Loan Help Group delivers high level counseling for all repayment options and forgiveness programs available through the Department of Education for the Public Service workforce.
Here is an overview on the two most popular programs available:
Teacher Loan Forgiveness:
Under the Teacher Loan Forgiveness Program,you may be eligible for forgiveness from $5,000 up to $17,500 on your balance if you:
- Have 5 consecutive years teaching in a title 1 school.
- The loan(s) for which you seek forgiveness existed before the end of your five academic years of qualifying teaching service.
- You must not have an outstanding balance on Direct Loans or Federal Family Education Loan (FFEL) Program loans as of Oct. 1, 1998, or on the date that you obtained a Direct Loan or FFEL Program loan after Oct. 1, 1998.
Public Service Loan Forgiveness (PSLF):
All Public Service Employees have the opportunity to receive PSLF which forgives the remaining balance on your Direct Loans after you made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
The reason TSLHG has been working with teachers for over 8 years while maintaining a A+ rating with the BBB and being approved vendors with Florida Public Schools is because we are very clear and direct about what your options are. We offer you a complimentary consultation where we will tell you exactly what you need to do. Just click on the button below to schedule a phone call with a counselor.