Are You Prepared for the Resumption of Student Loan Payments
Perkins Loan Forgiveness: Individuals with Perkins Loans may be eligible for complete forgiveness of their loans, up to 100%, based on their employment. This opportunity is open to teachers, first responders, and certain volunteer workers.
Public Service Loan Forgiveness (PSLF): PSLF is a program designed for employees in nonprofit and government positions who serve in public service roles for a minimum of 10 years and make 120 monthly payments. It's important to note that payments made under an IDR plan also qualify for PSLF.
Teacher Loan Forgiveness: Teachers in elementary and secondary schools working in low-income areas can potentially receive loan forgiveness of up to $17,500 after completing five years of service.
Explore Repayment Options: Investigate loan forgiveness and alternative repayment options to find the one that best suits your financial goals. These programs can potentially lower your monthly payments or lead to eventual loan forgiveness.
Stay Informed: Keep an eye on any changes or updates related to student loan policies and regulations that may affect your repayment. The landscape of student loans can change, so staying informed is crucial.
Remember, you're not alone in this journey, and there are resources available to help you make informed decisions about your student loans. Stay responsible, stay informed, and stay on the path to financial success. Your commitment to responsible repayment will ultimately pave the way to a debt-free future.
Who We Are
As an active part of the community for 93 years, Neighborhood Credit Union is a not-for-profit financial organization serving the state of Texas with branch locations in Collin, Dallas, Denton, Ellis, and Tarrant counties. With assets topping $1 billion, Neighborhood Credit Union has a continuously growing membership of over 60,000. For more information, call (214) 748-9393 or visit our homepage.