The only loans that are eligible are loans held by the government. Perkins loans are typically held by your college, so they're not eligible unless you consolidated them.
That doesn't make you disqualified. You'll simply be eligible for $20k on your direct loans. If you have less than $20k in Direct Loans, they'll wipe out your entire loan and you'll just be left with that Perkins loan.
Does this mean if I apply for loan forgiveness, I'll be denied any student loan relief on any portion of my loans (including the Direct loans) because 5% of my loans are Perkins loans? Can I avoid being disqualified by paying off the Perkins loans before applying for relief?
Thanks in advance for any insight on this situation.
Last post by JSparks1776 - October 19, 2022, 06:34:15 am
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