For example, if you are considering the refinance of a federal student loan, you should ask yourself if you plan to take advantage of any potential loan
forgiveness programs in the future.
Not exact matches
There is no prediction that can be made as to what will take place with any of the student loan
forgiveness programs, but borrowers should be aware that any or all of these benefits may disappear
in the
future, leaving the responsibility to repay student loans fully on their shoulders.
The only situation it really makes sense to refinance your Federal student loans is if you can make payments under the Standard 10 - Year Repayment Plan, don't plan on taking advantage of any
forgiveness programs, and don't foresee any financial hardships occurring
in the
future that could lower your income.
Despite their financial sacrifices, the promise of loan
forgiveness under the PSLF
program allowed the Individual Plaintiffs to plan for a career
in public service with some promise of
future financial stability.
Public Service Loan
Forgiveness is a vital
program that ensures we have public servants
in our
future.
Regardless, is it a better idea to wait and see what happens
in the
future with loan
forgiveness programs or refi / consolidate now and just get rid of these dang things ASAP?
Another
Futures recommendation is that stakeholders
in legal education work together to establish debt -
forgiveness programs (recommendation 13).
Our free webinars and e-book provide you with the
in - depth information you need about
programs like income - driven repayment plans and Public Service Loan
Forgiveness to help you manage your student debt and control your career and financial
future.
This is not to be confused with the actual accident
forgiveness program offered by Safeco which is designed for
future accidents, not ones that already exist and have resulted
in a surcharge being applied to your auto insurance policy premium.