I recall my journey to launching Summit of Coin. It was December 2014 and I was listening to a podcast. The podcast was an interview of Mr. Money Mustache. This sent me down a journey of reading every article that MMM had written and peaked my interest in writing a blog detailing our journey to financial independence or as I like to call the Financial Summit. Being a teacher, I waited until summer to prep ten articles for the blog and develop the website. After a month of prep, I officially launched this blog on July 13, 2015.
In this article of Student Loan Forgiveness Info, we are going to focus on Federal Perkins Loans. I will be defining the loan and listing all the possible ways that you can utilize student loan forgiveness.
For anybody out there dealing with the choice that they made to take out student loans, you may be looking for opportunities to find a way to get rid of those student loans. I was able to utilize student loan forgiveness and have made it my goal to educate everyone on the loan forgiveness opportunities available to them.
Teacher loan forgiveness is a program that has been implemented by the Federal Government that forgives either $5,000 or $17,500, depending on the subject that you teach. Since I taught math, my forgiveness was $17,500. This is only one of the requirements of this program and I will detail how you can utilize this program as a way to get some of your student loans forgiven.
Personally, I don’t like being in debt and I personally don’t like paying interest charges. A house is a big ticket item that my wife and I will purchase using a mortgage, but we will only take out a 15-year mortgage, because the math is just so obvious about how much you save when compared to a 30-year mortgage. There are two reasons why I prefer a 15-year mortgage.