Public student loan forgiveness doesn’t have to be complicated for government and non-profit employees. Public service employees can qualify for certain types of forgiveness programs under the right circumstances. The main thing to focus on is making sure you’re accurately informed about your options. Here are a few tips we think can make public employee student loan forgiveness easier.

RESEARCH EVERYTHING

Many people rely solely on the information they receive from loan servicers, but this isn’t always the best idea. Recently there have been a lot of stories in the news about loan servicers providing inaccurate information to borrowers. If borrowers have inaccurate information then chances are they’re not going to be able to meet all of their forgiveness program requirements. This could result in them having to start over on everything. The best way to avoid all of this is simply by doing good research. There are tons of quality articles about loan forgiveness online today. If you have a question chances are there’s multiple articles out there with the answers you’re looking for.

MAKE SURE YOU HAVE THE CORRECT TYPE OF LOAN

Borrowers in public service forgiveness programs are required to have income-based payment loans. A lot of people don’t have these types of loans when they start out. Borrowers in this situation usually can consolidate all of their loans into an income-based payment loan that will meet their program requirements.

MAKE ON TIME PAYMENTS

Making loan payments on time is essential. Missing payments can result in borrowers not receiving loan forgiveness. Many loan servicers offer auto payment options. Setting up an auto payment is usually the easiest way to make payments. That way you won’t have to think about making payments every month.

KEEP GOOD RECORDS

Many people think the government keeps track of everything, but this is not the case. The government hires third party loan servicers to manage loan administrative duties on their behalf. In theory it’s supposed to be easier this way, but in reality things haven’t been that easy. The main reason being that a lot of loan servicers haven’t properly managed borrowers documents. This has caused a lot of people to not have their loans forgiven even after they’ve completed their loan terms. The best way to avoid any issues is to just manage everything on your own.

PUBLIC EMPLOYEE STUDENT LOAN FORGIVENESS

Being successful with public employee student loan forgiveness is all about focusing on the details and having a good plan in place. Doing good research before you enroll in a program as well as after your enrolled is a great way to stay up to date with any changes to your forgiveness program. Making sure you’re enrolled in an income-based payment loan is key. It’s important to make sure your loan payments are on time every month and it’s usually best to manage your own documents. If you’re looking to learn more about public student loan forgiveness we would be happy to talk with you. Feel free to contact us here.