Reported 2 days ago
There are several avenues for student loan forgiveness that can significantly reduce or eliminate debt, particularly for borrowers engaged in public service, healthcare, or education. Programs often require borrowers to make regular payments for 10 to 25 years before erasing remaining balances, with implications for taxes on forgiven amounts. Current options include the Public Service Loan Forgiveness program, income-driven repayment plans, and specific forgiveness for teachers and healthcare providers. However, proposed changes under the Trump administration could alter future forgiveness mechanisms, making it crucial to stay informed about potential legislative shifts.
Source: YAHOO