This post was written by one of Chipper’s ambassadors, Yari Aguilu, from Sweet Tooth Teaching.
“Curt and I are expecting our first baby! We are beyond excited to welcome our baby girl into the world. There are so many thoughts and feelings running through our heads though. What will the world be like once she’s here? Should we start saving for her college as soon as she’s born? How can we accommodate our finances or eliminate any debt before our baby girl arrives?
As soon as we found out we were pregnant, we decided we should make a financial plan to help us save money now and for our future. One of the main debts that has been a burden for us has been my student loans. I graduated with my Masters in reading education back in 2015. I’ve been making monthly payments toward my loans ever since. But it just feels like the majority of my payments are going straight toward the interest and the principal is just hanging in there waving at me! Student loans can be confusing and extremely overwhelming. Anyone else on the student loan struggle bus?
Luckily and coincidentally, I stumbled across Chipper, a student loan automation company that specializes in helping student loan borrowers qualify for income-driven repayment plans and forgiveness programs.
They have done an outstanding job at helping me understand and manage my student loan options. I’ve learned so much about the different repayment plans and forgiveness programs I didn’t even know I qualified for! After chatting with Jessica from Chipper, I discovered I’m eligible for Public Service Loan Forgiveness AND Teacher Loan Forgiveness! Ya’ll, this means I can actually have my loans forgiven!!! That’s a huge weight off our shoulders, especially during this big transition in our lives.
Teacher Loan Forgiveness
Since I qualify for both forgiveness programs, I needed to pick the best option for me. The Teacher Loan Forgiveness Program is best for my loan situation since I owe less than $30,000 and have already made the required 5 years of consecutive payments. This program indicates that if you are a full-time teacher at a Title 1 school, you may be eligible for $5,000 or $17,500 off of your student loans.
Public Service Loan Forgiveness
However, the Public Service Loan Forgiveness Program may be best for you if you owe more than $30,000. While pursuing this forgiveness program you can also cap your required monthly payments in proportion to your monthly income. After 120 qualifying payments you can be eligible for complete student loan forgiveness! This program is available to teachers and public service employees.
Discover Which Program Is Best For You
99% of people that apply for student loan forgiveness are rejected. Chipper helps their members be a part of that 1% that gets approved! Discover your student loan repayment and forgiveness options through Chipper’s FREE services!”