Well all too soon you complete college and before you even get a job, you come to terms with having to repay the tens of thousands of dollars you borrowed to finance your education. It might be a difficult period when reality finally kicks in but you don’t have to lose all hope as you can apply for student loan help.
The federal government has introduced a program in which graduates who owe federal loans can be limited to just 15 percent of their income every month towards repayment of their debts.
Graduates who work for public organizations will also have their debts forgiven after repaying for 10 years. Public sector employees can apply for loan consolidation and then apply for the government program. They will however have to keep an account of their repayments so they can apply for debt forgiveness from the student loan help program after the 10 year period.
