{"id":456,"date":"2017-01-25T15:15:02","date_gmt":"2017-01-25T20:15:02","guid":{"rendered":"http:\/\/nacacadmitted.wpengine.com\/wordpress\/?p=456"},"modified":"2017-01-25T15:24:53","modified_gmt":"2017-01-25T20:24:53","slug":"loan-forgiveness-available-for-counseling-and-admission-professionals","status":"publish","type":"post","link":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/2017\/01\/25\/loan-forgiveness-available-for-counseling-and-admission-professionals\/","title":{"rendered":"Loan Forgiveness Available for Counseling and Admission Professionals"},"content":{"rendered":"
iStock<\/figcaption><\/figure>\n

Still paying off your student loans?<\/p>\n

Good news is on the horizon for school counselors and college admission professionals: Public service employees are eligible to have their debt wiped off the books starting this year under a new federal loan forgiveness program.<\/p>\n

Applicants are urged to start the process now by filing paperwork<\/a> with the federal government, according to a post on Homeroom<\/em><\/a>, the Department of Education\u2019s official blog.<\/p>\n

<\/p>\n

Not sure if you\u2019re eligible?<\/p>\n

– Do you work for the government or a not-for-profit organization?
\n– Are you a full-time employee?
\n– Do you have a direct loan?
\n– Do you have a qualifying repayment plan<\/a>?
\n– Have you made at least 120 monthly payments since Oct. 1, 2007?<\/p>\n

If you answered \u201cyes\u201d to those questions, you\u2019ll likely qualify for the Public Service Loan Forgiveness Program<\/a>.<\/p>\n

Of course, there are plenty of caveats. Even if you answered \u201cno\u201d to one of the questions above, it\u2019s possible that with a few adjustments, you can take advantage of the program.<\/p>\n

If you don\u2019t have a direct loan, for example, you can consolidate your federal student loans into a Direct Consolidation Loan in order to qualify, according to Homeroom<\/em> blog writer Ian Foss. He also suggests switching to an income-driven repayment plan.<\/p>\n

\u201cIf you\u2019ve been making payments under the 10-year Standard Repayment Plan, those qualify, but you still need to get on an income-driven repayment plan or your loan will be paid off before you can get forgiveness,\u201d Foss writes.<\/p>\n

Applicants should submit the necessary paperwork to the federal government at least \u201conce per year or when you change jobs.\u201d<\/p>\n

\u201cWhy? Because it means you won\u2019t have to submit 10 years\u2019 worth of forms when you ultimately want to apply for forgiveness,\u201d Foss writes. \u201cIt also means that you can apply for forgiveness with confidence.\u201d<\/p>\n

Read the full article<\/a>.<\/p>\n

Admitted writer\/editor Mary Stegmeir welcomes additional comments and story ideas at mstegmeir@nacacnet.org<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Still paying off your student loans? Good news is on the horizon for school counselors and college admission professionals: Public service employees are eligible to have their debt wiped off the books starting this year under a new federal loan forgiveness program. Applicants are urged to start the process now by filing paperwork with the … Continue reading Loan Forgiveness Available for Counseling and Admission Professionals<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[245],"class_list":["post-456","post","type-post","status-publish","format-standard","hentry","category-nacac-news","tag-public-service-loan-forgiveness-program"],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"Mary Stegmeir","author_link":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/author\/mstegmeir\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/peWmJq-7m","_links":{"self":[{"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=456"}],"version-history":[{"count":0,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/456\/revisions"}],"wp:attachment":[{"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}