Yes it does. I think my wife needs to certify the employment and do more with the PSLF as I think the loan officer that told her about it did not say anything about recertifying… I am hoping she can get certified then and possibly still make it work because she has been at her current public teaching job 9+ years and I hope her digging more into it can get it all certified and her loan taken care of.

Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.

If you want to get approved for a Borrower’s Defense Discharge, then you should call the Student Loan Relief Helpline’s Borrower’s Defense Against Repayment Hotline and pay them to review your situation, help you put together the legal arguments required for your application, and increase the odds that you’ll actually receive an approval after it’s been submitted.
Great info here. Hoping you can help me a bit. I have about $92,000 left in FFEL standard consolidation loan (consolidated 8/04) plus another roughly $120,000 in private student loans (college and medical school) and $50,000 of wife’s school loans. Interest rates aren’t bad, but if there is a path toward loan forgiveness it would make life much easier.

Automatic Payment Discount Disclosure: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
FFEL Consolidation Loan to use the no accrual of interest benefit for active duty service members, which states that you’re not required to pay the interest that accrues during periods of qualifying active duty military service (for up to 60 months) on the portion of a Direct Consolidation Loan that repaid a Direct Loan Program or FFEL Program loan first disbursed on or after Oct. 1, 2008.
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
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I have student loan for about $25000. I wanted to become a teacher. Online college assured me that once i finish my teaching degree and work in the field for 5 years my loan will be completely waived off. I have about year and a 1/2 left over to finish this degree but I had a medical emergency. While the Dentist was examining my mouth his hand slipped and the sharp needle went under my tongue. I filed a lawsuit but he claims that never happened since then my nerve that was connected to my head from my mouth was pressed in. I had plenty of medical bill which I paid off and now I’m left with sharp shooting pain from my mouth to my head because of which I have difficulty continuing my education and becoming a teacher. What should I do?

Ran across your site and then this posting while searching. My loans are currently in an IBR plan but I would love to not have the $14,000+ looming over my head. Unfortunately there does not seem to be any option other than to remain in the IBR and update/reapply every Fall until I die! I do see that you state that it is forgiven after 25 years of payments for a loan taken before July 2014, however, I pay nothing since my income is zero. Prior to having no income I was working in the public service field working with low income children in early childhood education but not long enough to qualify for that type of forgiveness. I am currently a full time and unpaid caregiver for my disabled 5-year-old. We get no public assistance in regards to his care. Qualify based on income but we refuse to liquidate the savings account meant to be used to get us in to a home that will suit our son’s needs and safety better. So I guess my best bet is to keep things as they are with the IBR. Just wish I could be rid of it all-together!


I have about 325,000 consolidated student loan debt with the fed gov’t once graduated in 2009. I was under the IBR plan but loss of employment and medical bills caused me to go further into debt. I filed Bankruptcy but this did not cover the loans…I have a doctoral degree but have not been able to find anything in my field as a result to make the salary I was previously making. I am working 2 jobs to cover the BK payments plus my normal living expenses. I am wanting to ensure that I am doing everything possible to utilized the forgiveness option at the end of 20-25 years. Any thoughts or recommendations? Am I eligible for PAYE on the 2007??… I never thought I would be in this position and don’t want to be stressed. I have cut my lifestyle down to the bare minimum but it doesn’t seem like I can get ahead…
It’s hard to say for sure what you should do in this situation, but don’t give up, because you do have options. The loan is never going to disappear entirely, and don’t think that “forgiveness” is free, because even when you have your debt “forgiven”, the IRS counts it as taxable income for that year, and you end up facing a pretty big tax bill anyway.
You’ll need to figure out if the loan is Private or Federal, and then determine if you have any sort of qualifying conditions, like working for the right kind of employer, in the Non-Profit space, Federal Government, as a Nurse, etc., to see if your wife matches any of the available Forgiveness programs currently on offer. It’s not a simple question!
State-sponsored repayment assistance programs. Licensed teachers, nurses, doctors and lawyers in certain states may be able to take advantage of programs to assist with repaying debt. For example, the Mississippi Teacher Loan Repayment Program will pay up to $3,000 per year for a maximum of four years on undergraduate educational loans to teachers with a specific teaching license for each year of teaching full time in a particular geographical or subject area. Contact your state’s higher education department to find out if you qualify for a program.
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