Sentences with phrase «remaining federal student loan debt»

Not exact matches

The Federal Public Service Loan Forgiveness program allows you to cancel out any remaining student debt when you work in a service role.

Similar to language on the federal student aid website, articles like this one in SF Chronicle explain that «if you qualify [for closed - school discharge, for example], your remaining debt will be forgiven and you will be reimbursed for loan payments already made.»

Anyone with a federal student loan who works in public service can currently cap his monthly payments at a fixed share of his income and the government will forgive all remaining debt after 10 years.

For instance, if we assume that federal PLUS loan interest rates for graduate and professional students have remained above 7 % for the majority of time since 2006, some private lenders are able to offer competitive rates and repayment options that could help graduates save money and possibly get out of debt faster.

Federal student loan interest rates are fixed for all student borrowers regardless of their credit score or history, so the main factors to consider when taking on student debt, whether it's subsidized, unsubsidized, Perkins or Stafford loans, is to weigh the amount borrowed and terms of your loans against the current standard interest rates, which have remained low — 3.76 % undergraduate, 5.31 % graduate unsubsidized, 6.31 % graduate PLUS.