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Obama forgiveness program for student loans

Written by Consumer

Tons of student loan debt. I have over 100,000 worth if loans. Direct loan and sallie Mae. I’m paying sallie Mae. But was able to defer the direct loan portion because I’m unemployed.

1. How do I apply to the Obama forgiveness program?
2. Am I eligible even if it’s being deferred?
3. Why does my loan balance screw up my credit so bad?

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