To help navigate the post-degree landscape, we've compiled this list of useful resources. It's important to stay on top of your education financial responsibilites and learn what help is out there.
Income Based Repayment (IBR) plan
To qualify for IBR, you must have a partial financial hardship.
If your student loan debt is high relative to your income, you may qualify for the Income-Based Repayment Plan (IBR). Income-Based Repayment (IBR) is designed to reduce monthly payments to assist with making your student loan debt manageable. If you need to make lower monthly payments, this plan may be for you.
Student loan forgiveness
- Public Service Loan Forgiveness (PSLF)
Work full-time in certain public service jobs, make 120 qualifying payments, and the rest of your debt can be forgiven. - Stafford Loan Forgiveness Program for Teachers
Teach in certain high-risk, low-income schools for five years to earn up to $17,500 in debt forgiveness for certain loans
Defer student loans
Avoid defaulting on your loans. See if you qualify for deferment.
Cancel student loans
In certain situations, you can have your federal student loan forgiven, canceled, or discharged. Find out whether you qualify due to your job, disability, the closure of your school, or other circumstances.
Avoid defaulting on student loans
If you don't make your loan payments, you risk going into default. Defaulting on your loan has serious consequences. Take steps and learn strategies to avoid this.