The week of May 6-12, 2020 is Nurse Appreciation Week. This week is dedicated to celebrating and honoring the nurse professionals who consistently go above and beyond for their patients. Especially now during the coronavirus pandemic, nurses are putting their lives at risk for the health and safety of our communities. They need our support and love now more than ever!
Nurses and healthcare professionals save lives every single day so it only makes sense that the debt they took on to obtain their nursing degrees and certifications is forgiven! While there is much debate right now regarding forgiving the student loans of coronavirus frontline healthcare workers, it is not set in stone. What nurses can do right now is make sure they are on the path toward guaranteed student loan forgiveness through the Public Service Loan Forgiveness Program.
What is the Public Service Loan Forgiveness Program?
The Public Service Loan Forgiveness (PSLF) Program is a student loan forgiveness program for full-time public service employees such as nurses, teachers, government, and non-profit employees. This federal program was created in 2007 and is available to nurses after 120 repayments while enrolled an Income-Driven Repayment Plan.
What is an Income-Driven Repayment Plan?
An Income-Driven Repayment (IDR) Plan is a repayment plan for federal student loan borrowers to pay back their debt in amounts that are proportionate to their income, family size, and federal student loan type. These plans include:
- Income-Based Repayment (IBR) 2009 Plan
- Income-Based Repayment (IBR) 2014 Plan
- PAYE Plan
- REPAYE Plan
- Income-Contingent Repayment Plan
Income-Driven Repayment Plans are great because even if nurses are waiting to see if their loans will be forgiven as a coronavirus frontline healthcare worker, they can still lower their payments right now!
How to sign-up:
Nurses can sign-up for PSLF and lower their payments through our Discover Tool. Almost 80% of people who use our tool find a better plan and lower their payments by an average of $298! The best part, it’s completely free!
As student loan experts with over 10 years of experience, Chipper is the leading student loan management company in the country. We manage over $250 million in student loan debt from over 25,000 borrowers. You can count on us to get you on the path to becoming debt free.
Use Chipper for Lower Payments
Chipper can help you find a student loan repayment plan that actually fits into your budget. You simply fill out your information and link your student loan account for us to generate your options in seconds. We help the average student loan borrower save over $300 a month off their student loan monthly payment. Lowering your monthly payment plan can game changing for your personal finance and can be done in minutes! Sign up for Chipper today to get on track with your student loans.
Use Chipper for The Best Path to Forgiveness
Finding your path to student loan forgiveness is easier than ever before. Chipper helps members find better Income-Driven Repayment (IDR) plans every day. Once enrolled in an eligible repayment plan, we can help you explore your forgiveness options and understand your path towards forgiveness. Sign up with Chipper today and get on track with your student loans.
Use Chipper for Round-Ups
Paying off your student loans doesn’t have to be a long and painful journey. Round-Ups are a way to directly pay off your loans with your everyday spending! By tracking your linked spending account(s), we will calculate the rounded up amount from each transaction in a week (IE spending $4.28 would add $0.72 to the weekly amount). We then initiate a payment towards your student loan for the weekly amount. Get chipping away on your student loans with Chipper today.
Use Chipper for Public Service Loan Forgiveness (PSLF)
The Public Service Loan Forgiveness (PSLF) program was created to provide relief to borrowers aiding the public sector. Unfortunately, 30% of applicants are denied due to incorrect paperwork. We can help! Chipper was created to solve this issue by assisting borrowers in understanding their options as well as allowing forgiveness eligible users enroll into the best forgiveness program available. Sign up for Chipper today to see your student loan forgiveness options and get the forgiveness you deserve.
Use Chipper for Teacher Loan Forgiveness (TLF)
The Teacher Loan Forgiveness (TLF) program was created to enable teachers working in Title 1 schools to receive student loan forgiveness of up to $17,500 (depending on their teaching subject). Chipper has helped teachers from all over the country qualify for TLF program and can help you get the forgiveness you deserve today. Find out if you qualify for forgiveness in minutes with our employer search tool.