Top 10 Best private student loan consolidation companies that offer Student Loan Forgiveness

One of the quickest ways to eliminate your student loans is to pursue a career that will pay off your student loans for you. Loan forgiveness programs are typically extended to those who enter a career in military service, volunteer work, teaching, the legal and medical fields, and several other service-oriented professions. 

If you are training for the military or pursuing higher education to become a teacher, look into some of the student loan repayment plans available so that you can reduce or eliminate some student loan debt.

How Student Loan Forgiveness Works

Student loan forgiveness programs are available primarily to those will federal student loans, and can cancel all or part of your educational loans. You might qualify for this type of program if you meet certain criteria, such as:

Serving as a volunteer
Enlisting in the military
Pursuing a teaching career
Working in the medical, nursing or mental health field
Pursuing a career as a lawyer

You can check with your employer to find out if they offer a loan forgiveness program as part of their benefits package. You can also talk to a representative with a professional organization in your field.

Companies that Offer Student Loan Forgiveness Programs

1. Sallie Mae:

Sallie Mae Loan Forgiveness is about consolidating the Federal Loans by significantly reducing your monthly payment burden. Sallie Mae Loan Forgiveness student loan consolidation enables you to extend your repayment period from 10 years to 30 years, depending on the amount of your education loans. Lower payment means you’ll have more money to meet other household expenses, car payments, childcare, and career-related expenses

2. Next Student:

Next Student helps students to know about the various Student Loan Forgiveness Programs available to wipe of their loans. College grads by performing public service, teachers by working in schools meant for low income category students and doctors working for backward areas without medical facilities.

3. Nelnet:

Nelnet Forgiveness programs are primarily granted for permanent or total disability or death. This eliminates your liability repay all or part of your loan.

4. Staffordloan.com:

Stafford loan .com provides details about the Federal Loan Forgiveness Programs offered by the federal government on fulfilling certain requirements such as public service, teaching service and legal service as a prosecutor.

5. MOHELA:

Missouri Higher Education Loan Authority (MOHELA) offers loan forgiveness program motivating many engineering students to pursue higher education. It is the chief lender for the University of Missouri

6. FinAid:

Loan forgiveness programs offered by federal government can be availed by students provided they qualify by perform volunteer work, military service, practice medicine and other requirements of the forgiveness programs.

7. NYS Higher Education Services Corp. (HESC):

Nursing Faculty Loan Forgiveness Incentive Program is offered to students pursuing their nursing education.

8. Student Loan Consolidation.com:

Consolidation.com provides details about the loan forgiveness programs available to students availing Federal Loans and Stafford Loan.

9. Go College.com:

It offers details about the Loan Forgiveness through volunteerism, military service, and teaching, practicing medicine and pursuing a career in law as a prosecutor.

10. ScholarPoint.com:

Various loan forgiveness programs offered to teachers, charitable volunteers, nurses, law graduates, child agency employees, disabled students, armed forces are dealt with in detail. 

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