Student Loan Forgiveness for Law Enforcement
Student debt is one of the largest modern financial crises facing adults today – and its grip can seem unescapable. Fortunately, there are several outlets that can be used to achieve full loan forgiveness for full time employees working in public service, and it goes without saying that police work would not be excluded here.
Law enforcement loan forgiveness is readily available through the Public Service Loan Forgiveness program as well as others, and it has never been easier and more convenient to find out if you qualify for police student loan forgiveness.
Police work is difficult, and the PSLF program recognizes that. Police student loan forgiveness is available through this program provided that the typical prerequisites are met. You must operate on full time employment, which constitutes a minimum of 30 hours a week. In this regard, it is important to consistently submit a employment certification to make sure that there are no misconceptions regarding your work status. All too often people wait to submit this until they are months or even years into payment.
Law enforcement loan forgiveness is also dependent on making 120 consistent payments on your debt or, in short, ten years of consistent payments. While this may seem daunting, there are a couple of points to consider. The first is that your payments will be income-based, allowing you to work within your budget and preventing you from becoming too financially constricted.
The second, and this is perhaps the most alluring, is that with the Public Service Loan Forgiveness program, your loan refund will not be considered taxable income. This is a huge benefit, as many loan forgiveness programs will leave you paying thousands in taxes, perhaps wondering why you even bothered in the first place. Under the PSLF, police student loan forgiveness will leave your finances in better balance and give you room to breathe while pursuing your career.
Contact Us Today
Unfortunately, the Department of Education doesn’t make it easy to find what you need to apply to the PSLF. Their website is difficult to navigate, and what you are able to find is so filled with jargon that it’s hard to understand. That’s where we come in: we’re here to help you.
With us, it’s never been easier to check to see where you stand and how you qualify for law enforcement loan forgiveness. If you feel like you’re treading water in terms of your debt, you’re not at all alone. People all over struggle with this enormous encumbrance every day. However, with the help of the Public Service Loan Forgiveness program, there’s finally a prudent and economically viable way to break even in the end. You can’t afford not to see if you qualify for police student loan forgiveness.
Reach out to us today – we’ll put you in contact with the experts to get you started.