If you’re struggling under the weight of student loans, know you aren’t alone. In fact, you are one of 40 million Americans navigating through student debt.
The National Education Association produced this video with a few tips on how to reduce your student debt payments today and eliminate them in 10 years through the Public Service Loan Forgiveness Program.
Student Loan Relief Resources
Learn more about your options for reducing your student loan payments. Taken together, these can go a long way towards providing relief for yourself and your students.
Here are three main programs to help teachers reduce or eliminate student loan debt:
- Public Service Loan Forgiveness Program
- Teacher Cancellation for Federal Perkins Loans
- Teacher (a.k.a. Stafford) Loan Forgiveness Program
Public Service Loan Forgiveness
If you’re in education, you may qualify for public service loan forgiveness after 120 qualifying payments. Learn more about how to apply for public service loan forgiveness.
Income Driven Repayment Options
There are at least five different plans that may help to lower monthly student loan payments. They fit under the larger umbrella of “Income Driven Repayment.” Learn more about these options.
NEA is your best resource for requesting support on student loan forgiveness options.