The dream of many is to find a path that will leave them debt free the sooner the better – and the good news is there are paths that can lead to this.
Firstly there are two main avenues that lead to debt relief: A reward for given service, or as a balance to unfortunate circumstances.
First, lets go over the ways you can find debt relief by taking advantage of the compensatory reward programs run by the Federal Govt. and the Dept. of Education: The Public Service Loan Forgiveness Program (PSLF)
- Parent Plus - Teacher Loan Forgiveness Program (TLF)
- Nurse Corp Loan Repayment Program (LRP)
- Military College Loan Repayment Program (MCLRP)
These programs have in common a term of service followed by a reduction in student debt, which of course varies from program to program.
The other programs are based on hardships or seek to relieve those who need it most.
- Closed School Discharge
- Disability Discharge
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