This slide shot explains about two ways to manage student loan debts that you probably didn't know existed. This includes information about teacher loan and public service loan forgiveness and names a good source for help with student loan debt

1. Helpful Financial Information from National Debt Relief …
Revealed - Two Ways To
Get Help With Student
Loan Debts That Might
Totally Surprise You
It has been calculated that there is now between
$902 billion and $1 trillion in total outstanding
student loan debt in the United States today. It is
also said that roughly two-thirds of students who are
graduating from American colleges have some level
of debt. In fact, the average borrower will graduate
owing $26,600. And 10% of those borrowing
money for their college educations will graduate
owing more than $40,000.(Continued …)
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2. Helpful Financial Information from National Debt Relief …
If you graduated owing this much money – whether it's $26,000 or $40,000 – your financial life
can be crippled for years to come.
A variety of repayment options
There are a number of options for paying back student loans. You may already know the three
basic ways to repay them, which are the Standard, Graduated and Extended plans. And you may
be aware that there are four plans available related to your income: the Income-based Repayment
Plan, Pay As You Earn Repayment Plan, Income Contingent Repayment Plan and the Income
Sensitive Repayment plan. As an example of these plans, the Income-based Repayment Plan
would cap your payments at 15% of your discretionary income. And with the Pay As You Earn
Plan, your payments would be capped at 10% of your discretionary income. However with both
these Plans, your payments will increase as your income increases.
These four plans vary somewhat but they all have one thing in common – you must pay back the
money and your payments will increase as your income does.
Amazing but true – there are options that don't require you to pay back all the money
An income-based repayment plan would definitely make it easier for you to pay back your
student loans but notice that the key word here is “repayment.” Regardless of which of these
plans you choose if you owe that $26,600 you will be required to pay it all back though you may
have as many as 20 or even 30 years to do so. Fortunately, there are two ways to get help with
those student loans that might totally surprise you.
LRAPs
The first of these options is called LRAPs or Loan Repayment Assistance Programs. These can
be powerful tools to help you repay your educational debts. They are different from repayment
plans such as Income-Based Repayment because instead of reducing the amount of your
payments or providing you with forgiveness of your educational loans in the future, LRAPs give
you funds now to help make the monthly payments on your loans. It's possible that one of these
programs could also provide money you could use to pay down any private educational loans,
which are never eligible for federal loan relief programs. For that matter, it’s possible you might
be able to use an LRAP in conjunction with another federal relief program.
Where could you find an LRAP?
Employers, schools, states and the federal government usually offer some type of LRAP. You
would have to discuss this with your school or employer to learn what’s available. However,
there are four LRAPs open to most everyone and two that are designed specifically for lawyers.
The four that are available to almost everyone are:

3. Helpful Financial Information from National Debt Relief …
US Office of Personnel Management Student Loan Repayment Program
This could earn you as much as $10,000 a year that would be applied towards loan repayment if
you work for a federal agency. The total offered by this program is not to surpass $60,000 for
any one employee.
National Health Service Corp. Loan Repayment Program
f you are a dental, primary care medical, behavioral or mental health clinician and care for the
those who are underserved you might be able to get an award of $50,000 after just four years of
service.
Armed Forces Student Loan Repayment Program
How much you could get in this program would depend on which part of the military service that
you are in. But depending on this, you might get as much as $65,000 of your eligible student
loans paid back.
Healthcare professions faculty
If you are a student from a disadvantaged background and agree to be part of the faculty of an
accredited health professions university or college for two years, you could get as much as
$40,000 towards repaying your student loans.
For lawyers only
There are also two LRAPs available to law school graduates. The first of these is the Civil Legal
Assistance Attorney Student Loan Repayment Program. This provides certain attorneys who do
civil legal assistance with up to $6000 a year in student loan repayment for every year that they
complete service. The max under this program is $40,000.
Second is the John R. Justice Student Loan Repayment Program. If you are an eligible state or
federal prosecutor or public defender, you could get repayment of you eligible education loans
up to a lifetime cap of $60,000.
An even better option - loan forgiveness
An LRAP can certainly make it easier for you to pay back your student loans, but the second –
and maybe even better way – to manage your loans -- is to have them forgiven. The first way to
achieve this is through the Public Service Loan Forgiveness Program. You would be eligible for
this program if you have a William D. Ford Federal Direct Loan and if you work for a federal,
state or local government or a non-profit organization that’s been termed tax exempt by the IRS.

4. Helpful Financial Information from National Debt Relief …
If you qualify for this program, you would have to first make 120 on time, scheduled, full
payments on your loan and the rest of your loan would then be forgiven.
Teacher Loan Forgiveness
A second way to get your student loans forgiven is to teach full-time for five consecutive
academic years in certain elementary and secondary schools and educational service agencies
that serve low-income families. If you qualify, you could be eligible for a combined total of
$17,500 on your Subsidized and Unsubsidized Federal Stafford Loans and your Direct
Subsidized and Unsubsidized Loans. As you might guess, there are also other eligibility
requirements for Teacher Loan Forgiveness such as you can’t be in default on a subsidized or
unsubsidized loan and you must not have an outstanding balance on a Federal Family Education
Loan (FFEL) or Direct Loan as of October 1,1998.
Did you know it’s also possible to get your loan canceled or discharged?
It's basically just not possible to get student loan debts canceled by filing for bankruptcy. The
only way you could do this is if you could persuade your bankruptcy judge that your situation in
life is so awful there's just no possible way you could pay back any of the money. In fact, this is
what makes student loan debts different from almost any other type of unsecured debt – you
basically cannot get it canceled through bankruptcy. However, you could get your loan canceled
under certain circumstances, two of which are not very pleasant. For example if you were to die,
your estate could get your student loans canceled. If you were to become totally and permanently
disabled, you could get those loans canceled. You could also get them discharged if your school
closed or if you had a refund that you were due that you never received. And finally, it's possible
to get student loans discharged if your school falsely certified your eligibility to get the loan or if
it signed your name on an application or promissory note without your authorization or your loan
was falsely certified because you were victimized by identity theft.
Do your homework
Whether you think you would qualify for some type of forgiveness or for an LRAP, the
important thing is to do your homework to make sure you understand all the options available for
paying back your student loans. Learning all the various alternatives can be time-consuming and
sometimes perplexing. Each of the options mentioned in this article have numerous eligibility
requirements and it pays to read all the fine print before you make a decision. But if you do your
homework it's possible that you could actually end up slaying that monster of student loan debt.
If you do need help with your student loans, National Debt Relief has a program that can provide
you with consultation services. Their trained experts can advise you about you student loan
repayment options based on the type of debt that you have and your employment situation.

5. Helpful Financial Information from National Debt Relief …
They will even help you with the paper work involved. This service has a one time fee that will
be placed in an escrow account. When you are satisfied with the service and the documentations
done on your behalf, that is the only time the fee can be released. There is no upfront or recurring
maintenance fee.

6. Helpful Financial Information from National Debt Relief …
Does this sound familiar?
• You are tired of worrying about money…
• You are losing sleep due to mounting credit card debt…
• You are fighting with your partner about the bills…
• You are living paycheck to paycheck…
• You are falling behind on your debts…
• You are losing hope…
It’s time to talk with National Debt Relief!
Call Toll Free 1-888-275-4499
Or Go To http://www.nationaldebtrelief.com/free-
student-loans-quote-now/?src=PDFs