Navient, NelNet and Great Lakes are servicers of federal figuratively speaking. Which means that your particular re re payments to these servicers may count toward your re re re payment responsibilities for PSLF and for forgiveness through income-driven payment.
Nonetheless, you’ll want to make sure the loans you’ve got by using these providers would be the precise loans that qualify underneath the forgiveness that is specific, and that you otherwise be eligible for forgiveness. As an example, for PSLF, only Direct Loans qualify.
When your current loans don’t qualify, you’ll consolidate them into a loan that is direct purchase to qualify for PSLF as well as other loan forgiveness programs under which Direct Loans qualify. But just payments made after consolidation will count toward your re re payment responsibilities for forgiveness.
The news that is good that, as loan servicers, Navient, NelNet, and Great Lakes will allow you to can get on your path toward loan forgiveness. Make sure to phone your servicer to get out which kind of loan you’ve got before relying on loan forgiveness.
Can I have figuratively speaking forgiven if they’re in standard?
No, you truly must be present in your loans to be eligible for PSLF. Keep in mind that you need to make 120 qualifying, on-time re re re payments before your loan balance may be forgiven. If you’d like assist having your loans in good standing, phone your loan servicer and request assistance. Make sure to let them know you intend to try to get PSLF so on the right path that they put you. Continue reading