Among all the loan forgiveness plans, the Teacher Loan Forgiveness is the most beneficial. If you become a teacher, you are qualified for both early forgiveness and principal reduction. In this program, you are eligible for a reduction in principal ranging between $5,000 and $17,500.
But the principal reduction depends on individual circumstances. It is set to persuade young graduates to have a long-term career in teaching. Furthermore, teachers are qualified for complete loan forgiveness after ten (10) years of on-time payments.
TheLoanEducators can help you explore the process of principal reduction as well as student loan restructure.