This article contains valuable and comprehensive information about student loans, student loan forgiveness, and various types of loans available to students. Also, more details on Public Service Loan Forgiveness and loans for teachers and nurses will be discussed in this guide.
Education is the bedrock of today’s society and it is acquired at a steep price. The financial status of students in a tertiary institution is quite different and yet some may have a greater passion to attain the best academic achievement.
Taking out loans has left so many students owing huge debt.
However, millions of American students are about to have their loans cleared y the Biden administration. The Biden-Harris Administration plans to deliver debt relief to more than 30 million Americans according to a recent statement released by White House.
Malinga ndi nkhani published by CNN, the Biden administration will be using existing student loan forgiveness programs to cancel another round of student loan debt. The Biden administration will spend about $7.4 billion to cancel student debt for over 277,000 borrowers.
Ngongole yabwino kwambiri ya ophunzira ndi ngongole yoperekedwa ndi boma yolumikizidwa ndi chiwongola dzanja chokhazikika kapena chotsika. Komanso, ngongole za ophunzira wamba zimaperekedwa ndi obwereketsa wamba omwe amakhala ndi mabanki, mabungwe aboma, ngongole zamabungwe, ndi mabungwe ena azachuma.
Kodi Ngongole Yophunzira Ndi Chiyani?
Loans given to students are monetary aid to help students go through college. A student loan is organized to help students pay for essential fees and items in college. Tuition, supplies, books, and living expenses of students can be taken care of with this loan.
Malinga ndi University of Southern New Hampshire, a student loan is money students can borrow either from the Dipatimenti Yophunzitsa ku US or a private organization. The intent of taking this loan is to pay for college and repay the organization that provided the loan with interest.
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Mitundu ya ngongole za ophunzira zomwe zilipo
Currently, student loans in the United States are offered by two major lenders which are Federal student ngongole ndi ngongole za ophunzira payekha.
Federal Student Loans are offered by the government of the U.S. while ngongole za ophunzira payokha are offered by state loan agencies, banks, credit unions, and other financial institutions.
Ngongole za Federal
The U.S. government implemented the Federal Student Loans to aid students financially through college. It is highly recommended to use federal loans as they are attached with additional benefits and are less expensive than private loans.
Pali zinthu zingapo zomwe wophunzira ayenera kuziganizira akamafunsira ngongole.
Pansipa pali zabwino zomwe zimaphatikizidwa ndi ngongole ya federal.
- Ngongole za Federal ndizokhazikika ndipo ali ndi chiwongola dzanja chochepa
- Kupeza ngongole popanda cosignatory
- Kuthekera kwa chikhululukiro cha ngongole ya ophunzira: izi zimaphatikizapo kugwira ntchito ina monga kuphunzitsa kapena ntchito zaboma kuti abweze ngongoleyo.
- Ndondomeko zobweza zosinthika, monga kubweza ngongole ndi obwezera ndalama zoyendetsedwa ndi ndalamat
- Ndondomeko yobwezera yomwe imayamba miyezi isanu ndi umodzi wophunzira atamaliza sukulu
Mitundu inayi ya ngongole za ophunzira ku federal ku koleji
Direct Ngongole
Undergraduates with financial needs can take advantage of the Ngongole zothandizidwa ndi Stafford made available to them. The Subsidized Stafford loans enable students not to pay interest on any amount borrowed.
Ngongole Yosalembetsa Mwachindunji
Ophunzira a pulayimale ndi omaliza maphunziro ali nawo Ngongole zopanda ndalama za Stafford made available to them irrespective of their financial needs. The Unsubsidized Stafford loan is quite different compared to subsidized loans.
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Ngongole ya Federal Direct PLUS
Makolo a ophunzira omwe ali ndi maphunziro apamwamba omwe amadalira komanso omaliza maphunziro atha kutenga mwayi Ngongole za Grad PLUS ndi Parent PLUS. Chiwongola dzanja chimayamba kuchuluka ngongole ikaperekedwa chifukwa ngongole za PLUS sizikuthandizidwa.
Ngongole ya Federal Direct Consolidation
Ndi ngongole za Consolidation, mutha kuphatikiza ngongole zambiri za ophunzira ku federal kukhala ngongole imodzi, ndikusangalalabe ndi zabwino zangongole zaboma.
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Ngongole zachinsinsi
Izi ndi ngongole zoperekedwa ndi wobwereketsa wina yemwe amakhala ndi mabanki, mabungwe obwereketsa ngongole, mabungwe aboma, kapena mabungwe ena azachuma. Ngongole zapadera nthawi zambiri zimalumikizidwa ndi chiwongola dzanja chokhazikika kapena chosinthika.
Ophunzira omwe akufuna kugula ngongole yaumwini imayenera kukhala ndi cosignatory ndipo chiwongoladzanja sichimathandizidwa.
Kodi Kukhululuka Ngongole Kwa Ophunzira Ndi Chiyani?
Kukhululuka kwa ngongole ya ophunzira kumathetsa ngongole ya ophunzira to repay part of their loan or all federal student loans that they borrowed. Most students in colleges and universities have taken loans to finance their stay in school.
The loan enables students to pay for tuition, supplies, books, and other essential items.
Paying back these loans sometimes might be difficult and most students end up being in a huge amount of debt. It’s an alternative method for students to pay back loans collected and it’s available for certain types of loans.
Students who are in debt can work in a certain public profession which can be educational or military professions.
Momwe Kukhululuka kwa Ngongole ya Ophunzira Kumagwirira Ntchito
Student loan forgiveness exists to eliminate or take out parts of a student’s debt. Loan forgiveness applies to any student and student loan forgiveness applies to U.S. government-issued or government-backed loans and they amount to 92% of all student loans in the U.S.
However, loan forgiveness does not apply to private loans issued by banks, credit unions, state loan agencies, etc. There are situations where borrowers can have their loans forgiven or even better cancelled totally.
If you want your loans to be forgiven, you are mandated to apply and continue making payments until you get approval for your application.
Mitundu Yokhululuka Ngongole
Public Service Loan Forgiveness (PSLP)
The Public Service Loan Forgiveness Program is available only to those who work in public service jobs for nonprofit organizations or the government. Part of your loan can be forgiven if you provide volunteer work such as military service or medical practice.
Pali zofunikira zingapo zomwe muyenera kuzikwaniritsa musanakhululukidwe ngongole yanu pansi pa pulogalamu yothandiza anthu.
- Mukulamulidwa kuti mupange malipiro oyenerera 120.
- Malipiro amayenera kuperekedwa mukadali wogwira ntchito kwa olemba ntchito oyenerera omwe angakhale federal, Boma, boma laderalo, kapena bungwe lopanda phindu lomwe lachita kusalipira msonkho.
William D. Ford Federal Direct Loan Programme yomwe ndi ngongole yachindunji yopangidwa ndi boma la US Federal ndiyoyenera kukhululukidwa ngongole ya ophunzira. Ngongole zoperekedwa ndi obwereketsa zinsinsi zomwe zimatengedwa kuti ndi ngongole zopanda boma sizikuphatikizidwa mu pulogalamuyi.
In a circumstance where the William D. Ford direct loan is unavailable to you, and you got a loan through the Pulogalamu ya Perkins Loan, mutha kuphatikiza ngongolezo kuti ziwoneke ngati a ngongole yophatikiza mwachindunji.
Kukonzanso kwa 2021 kwa PSLF
Malinga ndi malamulo anthawi zonse a Public Service Loan Forgiveness, malipiro omwe amaperekedwa okha pa ngongole yophatikizana amawerengedwa molingana ndi 120 yolipira. Zolipira zoyamba zomwe zidapangidwa pangongole zakale zidaganiziridwanso ndipo muyenera kukhala m'gulu limodzi mwazinthu zinayi zobweza ndalama zomwe boma limapereka.
The U.S. Department of Education made an official announcement in October 2021, to loosen program restrictions and it lasts till October 2022.
Within this period, borrowers are likely to receive credit for previous payments made on loans, or else they won’t be eligible for Public Service Loan Forgiveness to reach the 12 payment mark.
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Chikhululukiro Chokonzedwa ndi Ndalama
The U.S. federal government offers four major income-driven repayment plans and they enable you to cap your loan payment at a particular percentage of your monthly earnings.
If you are enrolled in any of these plans, whatever remains of your loan balance will be qualified for forgiveness after a time of 20 or 25 years based on the plan.
Those who benefit from these plans are people with huge loan balances. According to the National Consumer Law Center, only 32 individuals have had the honour to receive loan forgiveness via income-driven repayment forgiveness.
Momwe Mungalembetsere Kukhululukidwa kwa Ngongole ya Public Service (PSLF)
To successfully apply for Public Service Loan Forgiveness, you are required to fill out an Employment Certification Form annually and also make pay stubs, W-2 forms, or other requested documentation.
Komabe, ngati mutakwaniritsa zomwe mukufuna kuti mubwezedwe, mutha kutumiza fomu ya Public Service Loan Forgiveness mwachindunji ku dipatimenti ya zamaphunziro. Ikavomerezedwa, ndalama zonse zangongole zanu zimakhululukidwa.
Although the Public Service Loan Forgiveness Program is uncertain till there is a submission of a plan by U.S. President Joe Biden or Congress.
Pali mwayi wogawa malipiro a mwezi uliwonse. Mwachitsanzo, omwe amalandira ndalama zosakwana $25,000 pachaka ndi maanja omwe amapeza ndalama zosakwana $50,000 sawononga ndalama zonse kubwereketsa ngongoleyo mpaka ndalama zawo ziwonjezeke.
Aphunzitsi Ngongole Yokhululuka Pulogalamu
The Teacher Loan Forgiveness Program was initiated to motivate teachers to work in elementary schools, secondary schools, and educational service agencies that specifically serve families with low income.
Every year, the list of low-income elementary and secondary schools is published by the U.S. Department of Education.
However, if a teacher wants a loan forgiven, they need to teach full-time for five straight years at a qualifying school. Once the process is completed, the teacher automatically becomes eligible to have $5,000 and up to $17,500 loans forgiven.
The types of loans that are eligible are directly subsidized and unsubsidized loans only. Currently, there are up to 13 U.S. states that provide loan forgiveness to teachers with different requirements.
The Teachers Loan Forgiveness Program can be applied upon completion of the Teacher Loan Forgiveness Application and submission to a loan servicer.
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Kukhululuka Kwa Amwino
M'zachipatala, anamwino omwe ali ndi zilolezo, mamembala a unamwino, ndi anamwino ogwira ntchito, omwe amagwira ntchito kumadera omwe akusowa kwambiri atha kukhala oyenerera ndikukhululukidwa mpaka 85% ya ngongole zawo pansi pa pulogalamu yotchedwa NURSE Corp Loan Repayment Program.
The qualified candidates can work for 2 years in an underserved area and have up to 60% of their student loan forgiven. An additional 25% of the loan can be forgiven for 3 years of working. Currently, 33 U.S. states offer loan repayment assistance and you can go to the official website for Loan Forgiveness for Nurses to check if your state is among the 33 U.S states.
Chikhululukiro cha Madokotala
Omwe ali ndi akatswiri azachipatala monga madotolo, azamankhwala, ndi madokotala a mano pamodzi ndi ogwira ntchito yazaumoyo amapatsidwa njira zina zambiri kuti akhululukidwe ngongole.
Ndalama zomwe zakhululukidwa ndi zofunikira zimasiyana, ndipo izi zimadalira pulogalamu yomwe yalowa.
Kutsiliza
Attending prestigious colleges and universities can be quite steep, hence the need for monetary assistance is crucial.
With federal and private student loans, students in colleges can take loans to help them get through school. Tuition, books supplies, and other essential items can be taken care of with these loans.
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- Kodi Scholarship imawerengedwa ngati Ndalama?
Zothandizira
- University of Southern New Hampshire: What is a Student Loan and How Does it Work?
- Washington (CNN): Biden to forgive $7.4 billion more in student loan debt for 277,000 borrowers
Siyani Mumakonda