Keiser University Loan Forgiveness Program helps its graduates manage their debt. Read on to learn more about this program and its eligibility requirements.
Introduction:
Pursuing higher education is expensive, and most students take out student loans to fund their education. According to a report by Forbes, student loan debt in the United States has reached a staggering $1.5 trillion. For many, repaying student loans can be a daunting task that lingers for years after graduation. In this article, we will explore the Keiser University loan forgiveness program and how it can help ease the burden of student loan debt.
What is the Keiser University Loan Forgiveness Program?
Keiser University, a private university based in Florida, offers a loan forgiveness program to help its graduates manage their student loan debt. The program is available to those who have borrowed a Direct Loan, a Federal Family Education Loan (FFEL), or a Perkins Loan to fund their education.
Eligibility Requirements for the Keiser University Loan Forgiveness Program
To qualify for the Keiser University loan forgiveness program, you must meet the following requirements:
- You must have graduated from Keiser University.
- You must be employed in a public services job, such as teaching, nursing, or law enforcement.
- You must have made 120 qualifying payments towards your student loans.
- You must have a Direct Loan, an FFEL, or a Perkins Loan.
How does the Keiser University Loan Forgiveness Program work?
If you meet the eligibility requirements, you may be eligible for loan forgiveness after making 120 qualifying payments toward your student loans. The program forgives the remaining balance on your student loans, and you will no longer be required to make payments towards your loan.
How to Apply for the Keiser University Loan Forgiveness Program?
To apply for the Keiser University loan forgiveness program, you must first complete the Employment Certification Form, which verifies your employment in a public service job. You can download the form from the Federal Student Aid website or contact your loan servicer to request a copy.
Once you have completed the form, could you submit it to your loan servicer? Your loan servicer will then review your application and determine your eligibility for the program.
Frequently Asked Questions about the Keiser University Loan Forgiveness Program
Q: Can I still apply for the program if I have not yet made 120 qualifying payments?
A: No, you must have made 120 qualifying payments towards your student loans to be eligible for the program.
Q: What types of loans are eligible for the Keiser University loan forgiveness program?
A: The program is available for Direct Loans, FFELs, and Perkins Loans.
Q: How much of my student loan debt will be forgiven?
A: The program forgives the remaining balance on your student loans after you have made 120 qualifying payments.
Q: How long does it take for my loan forgiveness application to be processed?
A: The processing time varies depending on your loan servicer, but it typically takes a few weeks to a few months.
Conclusion
The Keiser University loan forgiveness program is a great option for graduates who are struggling to repay their student loans. The program offers forgiveness of the remaining balance on your student loans after making 120 qualifying payments. To be eligible, you must be employed in a public service job and have a Direct Loan, an FFEL, or a Perkins Loan. If you meet the eligibility requirements, be sure to submit your application and start the process of becoming debt-free.
