On the other hand, some federal student loans have higher interest rates, so you may well feel more comfortable tackling these initially. For example, let's say you have $35,000 in federal student loans and are eligible for $10,000 in forgiveness. When the forgiveness is approved and applied, refinancing the remaining $25,000 with a private student… Read More

So if your income goes up, your loan balance could end up getting larger than it was before you went into the program. Student loan forgiveness is when the balance on your college debt is set to zero, regardless of how substantially you have left. The average college student graduates with $38,000 in student loan debt. And collectively, student loa… Read More