Under new rules buried in the new healthcare legislation, certain persons working in the nonprofit and public arts fields may qualify for forgiveness of their Federal student loans! The new The Public Service Loan Forgiveness program, intended to reward those who choose to work in public service, including work for any federal, state, or local government organization or agency and most charitable non-profit organizations. If you qualify, after 120 on-time monthly payments, they might forget the rest!
Loan forgiveness for nonprofit workers!
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“Only payments made on or after October 1, 2007 count toward the required 120 monthly payments.”