chalobazar
2. Loan Relief Using Teacher Benefits
Although student loan forgiveness—e.g., Public Service Loan Forgiveness or Teacher Loan Forgiveness—is most usually connected with loan relief for teachers, it can indirectly help to reduce credit card debt. Teachers release income to handle other debt by lowering student loan payments.
After 120 qualified payments, federal student loan balances are canceled for teachers employed full-time in public schools or charities.
Teachers working five consecutive years in low-income schools—especially in high-need disciplines like math or special education—may be forgiven up to $17,500 in federal student loans.
Reduced student loan loads mean greater disposable income available to help lower credit card debt.
udham singh
