| Student Loan/Forgiveness Programs |
| Summary of information about income-driven repayment and loan forgiveness programs. |
| Facebook responses: |
| Facebook responses: |
| US Dept of Education site for Federal Student Aid - scholarships, loans, repayment plans |
| Teacher cancellation low income directory - look up your school to see if it qualifies. |
| Answers varied - .5 years in a Title I school (can be diffferent schools as long as they were all Title I) .after making 120 payments (check the StudentAid.gov site for clarifications!) I will try to update this with the appropriate info in the near future! |
| Many people reported having difficulty getting them to accept Speech as a "special ed" service, and that it took mulitple tries submitting their paperwork before it was approved. Don't give up! Apparently your payments are suspended during the process, which will save you money in the interim. |
| Q: Where can I find out about loan forgiveness programs? |
| Q: How can I find out if my school is a Title I (low income) school? |
| Q: How long must I work before I can apply for loan forgiveness? |
| Q: Do SLPs qualify for loan forgiveness programs? |
| Q: How long does the process take? |
| Facebook responses: |
| Members of various speech groups on FB reported that it took them several months and several submission. |
| Personal Plea/Editorial Comment |
| The one comment I read on social media over and over again is how much people regret taking out those student loans tied to "loan forgiveness" programs. Most of them are riddled with loopholes and ambiguities that allow the companies easy denial when you apply for the loan forgiveness part of it. If you don't get approved for loan forgiveness, it can take you your entire career to pay them off, which can seriously impact your family's future. I made it through 2 master's degrees and 1 specialist's degree without taking out a single student loan. And no, I'm not rich. I worked full time and got my degrees part-time, taking as many courses as I could afford to pay for (usually one or two at a time). Did it take longer? Yes. Was it worth the wait? Yes!!! Five or six years from now you could be sitting there with a degree and no debt, or sitting there with a degree and debt up to your eyeballs. In five or six years, your decision today will make a HUGE difference in your life. In this age of instant gratification, be smart and don't rush things. You'll thank me some day. |