We can help! As an educator, you may be able to have all or part of your federal student loans forgiven!
how it helps
Depending on your income there are several repayment plans to help make repaying your loans more affordable. Income-driven repayment plans set your monthly student loan payment at an amount that is intended to be affordable based on income and family size. Some of these programs include: Revised Pay As You Earn Repayment Plan (REPAYE Plan); Pay As You Earn Repayment Plan (PAYE Plan); Income-Based Repayment Plan (IBR Plan); and, Income-Contingent Repayment Plan (ICR Plan).
There are circumstances that may result in a borrower no longer having to repay their federal student loan. For instance, some or the entire loan could be forgiven in exchange for the individual performing certain types of service such as teaching or performing public service. Loan forgiveness programs include the Public Service Loan Forgiveness Program, the Teacher Loan Forgiveness Program, and the Perkins Loan Cancellation Program.
Thomas J. Bugos II, a Seminole Education Association (SEA) member in Florida, tried out the NEA Student Loan Forgiveness Navigator powered by Savi and realized he could dramatically shrink his $32,000-plus in student loans. “I am ecstatic at how much I can save!”
How It Works
Terms & Conditions
Borrowers are solely responsible for any determination to enroll in an Income-Driven Repayment and/or federal loan forgiveness programs.
NEA and its affiliate staff cannot be held liable for borrowers’ decision to enroll or not enroll in a federal student loan repayment or loan forgiveness programs.
Borrowers can access student loan repayment and forgiveness options and start the enrollment process at the Department of Education at no charge.