Tuesday, September 24, 2013

ON STUDENT LOANS

At yesterday's mortgage foreclosure clinic at the Nassau County Bar Association, several matters involved the connection between student loans and mortgage foreclosure. There are many.

One aspect of student loans that has been in the press recently is the under utilization of the Public Service Loan Forgiveness Program, which is intended to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, borrowers may qualify for forgiveness of the remaining balance of their Direct Loans after they have made 120 qualifying payments on those loans while employed full time by certain public service employers.

Here is a link to the program's website:

http://studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts/public-service

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