Student Loan Forgiveness

My Education Solutions helps everyone qualify for Student Loan Forgiveness that are eligible based on the criteria determined by the Department of Education.  

The Student Loan Act of 2007 created Student Loan Forgiveness options to help individuals struggling to repay their student loan debt. 
To Qualify for PSLF Student Loan Forgiveness there are multiple factors and algorithms that determine if you are able to repay your student loan debt.   If you are eligible for Forgiveness, you will pay a greatly reduced monthly payment for a period of 10 or 20 years and at the end, the remaining principal and interest is Forgiven by the Government.

The length of time of whether you are in a PSLF Forgiveness program for 10 or 20 years is determined by who your employer is.
If you qualify for a 10 year PSLF program you will not pay income tax on the Forgiven debt at the end of your program.

The PSLF Waiver, offered by the Biden Administration, allows  individuals that qualified for a PSLF 10 Year Forgiveness program between October 2007 – October 2022, but were not enrolled in PSLF at the time, receive a credit for each month they made a payment in another student loan payment plan. 
The reason for the PSLF Waiver is because many Servicers like FedLoans, Navient, Nelnet, Great Lakes, Mohela and others did not properly inform payers that they qualified for Forgiveness programs.  This is your chance to  have part or all of your student loans forgiven tax free, speak to a MES Advisor for assistance.

The PSLF Waiver expires October 31, 2022 and it can take several months to be accepted by the Department of Education so do not delay.

My Education Solutions created our own proprietary calculator to determine if you are eligible to qualify for Forgiveness with a few quick questions.

                                                                                 Try our calculator now

Qualifying  Status:

  • For-Profit
  • Stay at Home
  • Non-Profit
  • Education Field
  • Military Field
  • Government/City/State/County/Tribal
Income Levels:   $0-$500,000+    
Credit Requirement:   none

MES advisors are familiar with all types of loans including but not limited to:

Direct Subsidized and Unsubsidized Loans
Direct PLUS Loans
Direct consolidation Loans
Federal Perkins loans and Family Education Loans (FFEL)
Parent Plus Loans

MES Advisors will develop the best repayment strategy based on your individual situation & each year we re-evaluate it based on any life changes:

Income-Based Repayment (IBR)
Pay As You Earn Repayment (PAYE)
Revised Pay As You Earn (REPAYE)
Income-Contingent Repayment (ICR)

FORGIVENESS PROGRAMS

Public Service Loan Forgiveness (PSLF)
PSLF Waiver (limited enrollment time)
Government
City
State
County
Education
Military
Non-Profit Employees
Forgiveness with Income-Based Repayment (IBR)
Forgiveness with Pay As You Earn (PAYE)
Forgiveness with Revised Pay As You Earn (REPAYE)
Forgiveness with Income-Contingent Repayment (ICR)
Federal Perkins Loan Cancellation

 

INDUSTRY-SPECIFIC FORGIVENESS

Student Loan Forgiveness for For-Profit employees
Student Loan Forgiveness for Business Owners
Student Loan Forgiveness for Doctors and Nurses
Student Loan Forgiveness for Health Care Professionals
Student Loan Forgiveness for Lawyers
Student Loan Forgiveness for Non-Profit Employees
Student Loan Forgiveness for Teachers
Student Loan Forgiveness for Educators
Student Loan Forgiveness for ANYONE in Education (includes Counselors, Admin, Bus Drivers)
Student Loan Forgiveness for Military
SPECIALTY FORGIVENESS OPTIONS
Student Loan Forgiveness for Stay at Home Parents
Student Loan Forgiveness for Unemployed