M. Erez Kats, Seattle Language Arts Teacher
Most loan forgiveness programs can save you a lot of money, but you HAVE to realize that you are required to pay your full principal balance with interest for a very long time before the forgiveness kicks in. They don't just forgive an amount of your loans. You are typically required to make regular payments every month for say 10 YEARS or so. At that point, if you still have half your balance left (and you probably still will), they will forgive the rest of it. As far as I know this is how these programs are set up. You always have to pay first for a long time before they forgive anything. Fellowships, scholarships and grants are the only things that are going to give you money up front to remove from tuition,etc.