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Will My Granddaughter Be Eligible for Student Loan Forgiveness? – Anne Marie

When my grandaughter begins college in the fall it will become necessary for her to apply for a student loan to help with the tuition. When she graduates, will she be eligible for tuition forgiveness? She is going into a nursing program at Ramapo College in New Jersey. Thanks for any info that would help her.

Anne Marie

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5 Comments

  • I owe over 5000.00 something dollars to my student loans….when I was going for medical Asst. but I have had alot of family lost that year my grandmother and my sister so I could finish….is there a way I can get student loans forgiveness????

  • The Nursing Education Loan Repayment Program is a selective program of the
    U.S. Government that helps alleviate the critical shortage of registered nurses
    currently experienced by certain types of non-profit health care facilities by
    helping nurses working at them to repay their student loans.

    http://www.hrsa.gov/loanschola

  • While she may not be able to obtain loan forgiveness she may try the options below:

    Deferment: The temporary postponement of loan payment. During a deferment period, interest is not charged on Direct Subsidized Loans, but it is charged on Direct Unsubsidized Loans. The borrower has the option to pay the interest or have it capitalized. 

    Forbearance: An arrangement to postpone or reduce a borrower’s monthly payment amount for a limited and specified period. Interest is charged during a forbearance period, regardless of the loan type.
    If you have multiple loans you can contact an organization who will consolidate them into a new loan. Most usually provide a six month hiatus from making payments and you may be able to defer them again based on the new lenders policies.

    Federal Direct Consolidation Loan program and few well known banks: Chase, Next Student, Student Loan Network, and Wells Fargo may be able to help her consolidate the loans.

  • While she may not be able to obtain loan forgiveness she may try the options below:

    Deferment: The temporary postponement of loan payment. During a deferment period, interest is not charged on Direct Subsidized Loans, but it is charged on Direct Unsubsidized Loans. The borrower has the option to pay the interest or have it capitalized. 

    Forbearance: An arrangement to postpone or reduce a borrower’s monthly payment amount for a limited and specified period. Interest is charged during a forbearance period, regardless of the loan type.
    If you have multiple loans you can contact an organization who will consolidate them into a new loan. Most usually provide a six month hiatus from making payments and you may be able to defer them again based on the new lenders policies.

    Federal Direct Consolidation Loan program and few well known banks: Chase, Next Student, Student Loan Network, and Wells Fargo may be able to help her consolidate the loans.

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