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[jadefu]

I mentioned the feds' Direct Loan program, so I'm posting the details to help others.

If you work in a non-profit or service industry, after 120 (10 years) of on-time payments, your loan balance can be forgiven. There are restrictions to this.

First, it only applies to Direct loans. If your loan is Sallie Mae or someone else, MOVE IT.

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Comments

[judecorp]

Dammit! I just paid off my loan last year!!!! DAMN DAMN DAMN.

[emilymorgan]

Uh oh. I did consolidate. I have a Sallie Mae consolidation loan. And Sallie Mae Signature (unsubsidized) student loans. Do you happen to know if I'd be able to move the latter without defaulting?

[jadefu]

I'm not sure. Call Direct loans and ask. They might be able to consolidate both and move them. Sallie Mae is EVIL.

[emilymorgan]

I will! This amount of money is worth a LOT of hassle.

I'm still a student- maybe I could even take out a federal direct loan to pay off part of this the old-fashioned way.

Thanks again for posting about this. You rock. :)