The program allows you to receive forgiveness of the remaining balance of your Direct Loans after you have made 120 qualifying monthly payments while working full time for a qualifying employer.
In this regard, are these student loan forgiveness calls legit?
Quick student debt elimination is a myth. So if you receive a phone call from a student loan debt relief company promising fast debt cancellation, you’re likely dealing with a scam. Scammers might make a claim that because you attended a certain college that closed you can get your debt completely wiped out at a cost.
Also question is, do PHEAA grants have to be repaid?
A grant is a type of financial aid award that you don’t need to repay, as long as you meet all of the eligibility requirements.
Is a Pheaa loan a federal loan?
Information. Pennsylvania Higher Education Assistance Agency (PHEAA) is a state agency of the Commonwealth of Pennsylvania. … It does this in cooperation with the U.S. Department of Education under the Federal Family Education Loan Program or FFEL Program.
Did You Know? Be wary of organizations that charge a fee to assist you with the FAFSA. Much of the same help is available for free from your school, the U.S. Department of Education, and PHEAA. Not all financial aid offers are the same.
Today, PHEAA is a national provider of student financial aid services, serving millions of students and thousands of schools through its loan guaranty, loan servicing, financial aid processing, outreach, and other student aid programs.