This post was written by one of Chipper’s ambassadors, Yari Aguilu, from Sweet Tooth Teaching.
"Student loans can be a pain, especially when you feel like the payments you’re making are just going towards the interest rather than the principal. In August of 2020, I shared with ya’ll that I had stumbled across Chipper, a student loan automation company that specializes in helping student loan borrowers qualify for income-driven repayment plans and forgiveness programs.
You guys, Jessica from Chipper was a LIFE SAVER. She explained the different repayment options that fit my specific situation. She also introduced me to Public Service Loan Forgiveness and Teacher Loan Forgiveness– two options that I didn’t even know existed! After taking a look at my student loan scenario, she encouraged me to apply for the Teacher Loan Forgiveness program. Since I owed less than $30,000 in loans at the time and had been making payments throughout the last five years while working for a Title 1 school, this was the perfect choice for me.
Applying was so easy with Jessica’s help. She told me exactly what form I needed to print, sign, and send in. I sent my application straight through my loan service provider’s website. A few weeks later, I received a letter in the mail indicating that they had received my request. I kept in constant communication with Chipper throughout the process just to ensure that I wasn’t skipping any steps or missing out on any important details. Unfortunately, 99% of people that apply for student loan forgiveness are denied because they fill out the application incorrectly and/or miss a step along the way. Chipper helps their members be part of that 1% who do get approved!
About a month after I applied, I received a letter in the mail from my loan service company. I had been approved for $5,000 off of my student loan debt! I checked my student loan account and the $5,000 had been applied toward my outstanding balance. I am beyond thrilled!
As many of you all know, our family is growing by one tiny human in November of 2020. This is $5,000 that our family doesn’t have to worry about paying off! This is definitely a motivation to continue making payments toward paying off the little debt that is left.
If you’re looking to learn more about your student loan repayment options or are interested in applying for student loan forgiveness, Chipper is there to help! Discover your student loan repayment and forgiveness options through Chipper’s FREE services.“
The #1 reason for PSLF denial is misinformation... ineligible loans, incorrectly filed forms, and not meeting all of the requirements for the PSLF program are the consequences of misinformation. If you think you’re on the right path toward forgiveness, I would challenge you to read through each section of this blog to make sure you really are. When it comes time to apply, make sure you’re approved for the forgiveness you deserve!
Qualifying for the Public Service Loan Forgiveness program requires long-term investment and commitment. However, once you complete your 120 qualifying payments, it is pretty straightforward from there to get your student debt forgiven. Make sure to follow the instructions in this blog and if you’re ever confused by which repayment plan is best for you, when to recertify your income, how to fill out the Employment Certification Form, we’re here for you!