Student Loan Forgiveness Programs For Individuals In Law Enforcement

Working in the law enforcement field is not an easy task, but it is often a fulfilling role for those who take on the risk.  

Public Service Loan Forgiveness For Law Enforcement

One of the most common methods for law enforcement professionals to have student loan debt forgiven is through the public service loan forgiveness program, known as PSLF. Under this program, law enforcement officers who work for a qualifying employer may be eligible to have their federal subsidized or unsubsidized student loans forgiven after making 120 payments. 

Federal Perkins Loan Forgiveness for Law Enforcement

Another option for law enforcement professionals with student loan debt is the Federal Perkins loan forgiveness program. Perkins loans are administered by colleges and universities, not the Department of Education, but they qualify for forgiveness so long as borrowers meet specific criteria. 

Income-Driven Repayment Plan Forgiveness

Several income-driven repayment plans are available to federal student loan borrowers who need some assistance in repaying what they owe. With an income-driven repayment plan, including Income-based Repayment (IBR), Pay As You Earn (PAYE), Revised Pay As You Earn (REPAYE), and Income-contingent Repayment (ICR), borrowers can extend their total repayment timeline from the standard ten-year schedule up to 20 or 25 years, depending on the plan selected.

For those who have private student loans or those who do not fall into one of the categories mentioned above, alternatives for repaying student loans faster may be necessary. One way to accomplish that is through student loan refinancing with the help of a private student loan lender. 

Other Options for Repaying Student Loan Debt Faster

Refinancing student loan debt is the process of taking out a new, private loan that pays off the outstanding balance of original loans. Under the new loan, borrowers may have an opportunity to extend their repayment term, potentially lowering the total amount due each month. 

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