We focus exclusively on qualifying everyone with federal student loans with the Public Service Loan Forgiveness Program. We'll have the help you deserve.
Subsidized Loans
Your loan servicer is the company that sends you your bill each month. Servicers are private companies that collect payments on a loan, respond to customer service inquiries, and perform other administrative tasks associated with maintaining a loan. Loan servicers also disburse loans/funds, monitor loans while the borrowers are in school, process deferments and forbearances, respond to borrower inquiries, maintain loan records, and ensure that the loans are administered in compliance with federal regulations and other legal requirements.
Servicer
The cancellation of all or some of your federal student loan balance. If your loan is forgiven, you’re no longer responsible for repaying that portion of the loan.
Forgiveness
The release of a borrower from the obligation to repay his or her loan.
Discharge
You become delinquent on a loan if you don’t make a payment when due.
Delinquency
A temporary suspension of a borrower’s loan payment. There are many different types of deferments. During deferment of subsidized loans, principal payments are postponed and interest doesn’t accrue. During deferment of unsubsidized loans, principal payments are postponed but interest continues to accrue.
Deferment
Failure to repay a loan according to the terms agreed to in the promissory note. For most federal student loans, you will default if you haven’t made a payment in more than 270 days.
Default
Combining one or more loans into a single new loan.
Consolidation
Terms You Need To Know About Student Loan Forgiveness Programs
How we CAN
Help You.
Loans the government pays the interest on during in-school, grace, and approved deferment periods. Perkins loans are subsidized, and Stafford loans can be subsidized
A non-need based loan (such as unsubsidized Stafford, Parent PLUS, or Student PLUS Loans) on which the borrower is responsible for paying the interest that accrues from the date of disbursement until the loan is paid in full.
Unsubsidized Loans
Eligibility Requirements
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Have Public Federal Student Loans.
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Be Enrolled in a Qualifying Repayment Plan.
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Active in a Qualified field