International Student Financial Assistance Program?

Is there any kind of assistance or program that helps you pay off your student loans?

• Answer:

  No, but there are student loan forgiveness programs. You can read about them at www.defaultms.com/loan_forgiveness.html Actually there are many programs out there to assist you in paying your student loans. Income Based Repayment is an option that keeps your monthly payment amount to no more than 15% of your income minus an allowance based on your family size. After 25 years in this program any remaining balance is forgiven. If you happen to work in Public Service such as for a non-profit, a federal or state job (police, some teachers, firefighters etc..) and make ten years worth of qualifying payments any remaining balance is forgiven. I do regulatory compliance work at American Student Assistance, a company that assists borrowers with education debt. You can find out more about these programs at http://www.asa.org/loan-help/options/default.aspx