Who better to forgive your student loan than the lender?
Just as Mom and Dad sometimes forgive portions of a loan to you, the same can be said for the Federal government, which issues more than 10 million student loans a year.
To find out how to get the Federal government to pay off your student loans, read below for my Tip #3 in a series of “Seven Smart Ways to Pay Off Student Loans Fast.”
A new tip will be presented each day over the next week. Read also Tip #1 and Tip #2.
Tip #3: Get the federal government to pay off up to $60,000 of your college debt.
The government’s Federal Student Loan Repayment Program can be a huge windfall to anyone with federal student loans (not private loans).
Administered by the Office of Personnel Management, this program allows any federal agency that you work for to pay off up to $10,000 annually of your federal student loans, up to a maximum of $60,000. For more info, call the OPM at 202-606-1800 or visit http://www.opm.gov.
All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.