Know Where to Find Graduate School Loan Forgiveness

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I would like a copy of this article because I have been paying on a forebearance for the past year. Last month, I was notified that my federal student loans had been transferred to a service agency to collect. Upon contacting them and inquiring about size of payment they expected, my payments would be almost half of my disposable income after my monthly bills were paid. I have been working as a special ed teacher in a Title I school for the last 15 years. However, when I have tried to get loan forgiveness, I have been told that my first loan was taken out before 1998, and therefore did not qualify for that forgiveness. What do you think I should do and/or where would I go to seek relief on the payment side of my school loan?

Paul of TX 8:35AM April 18, 2013

The age of the borrower should be considered. Displaced home makers who are diligent to go back to school for job skills while raising children single handedly, are not traditional age students. There should be an age, such as 55 that the loan is cancelled. A 25 year pay back period could be a real burden to an older person who had to borrow for education late in life. It is happening more often as more and more people are going back to college at a later age as the first degree is no longer marketable.
It is ia shame to think that a person that went back to school at age 55, would have to continue to repay a student loan until age 80 under some of the current repayment or forgiveness plans.
Please rethink the age limit and allow forgiveness as seniors are on social security, and fixed incomes. They can not afford any payments, and it could deprive them of the bare essentials.

liz shilling of MD 12:43AM September 08, 2012

n the present times, when the cost of higher education is showing a steep inclination, requirements for finding out right kind of student loans has become a necessity. Loans are kind of financial aids which have to be repaid by the borrowing student. Even though it would be considered as a debt for the students, those are considered to be a necessity in pursuing college education.
for more information:
http://www.schoolanduniversity.com/financial-aid/student-loans

student loans of IA 4:21AM August 01, 2012