TG Co-Sponsors Chat Event on Student Loan Forgiveness

Business Wire, Nov 20, 2002

Business Editors & Education Writers

AUSTIN, Texas--(BUSINESS WIRE)--Nov. 20, 2002

Nurses, childcare providers, and teachers are just a few of the professionals who may be eligible for certain types of student loan forgiveness.

Under certain circumstances, the federal government will cancel all or part of an educational loan. In addition to provisions for certain professions, there may be loan forgiveness available for those who:

-- Perform volunteer work or military service;

-- Teach or practice medicine in certain types of communities; or

-- Meet other criteria specified by the forgiveness program.

To help student loan borrowers find out more, Mapping Your Future, a public service Web site co-sponsored by Texas Guaranteed (TG), is offering an online chat on Loan Forgiveness Programs. The one-hour event is scheduled for Dec. 10, 2002, starting at 2 p.m. (CST). Financial aid experts from across the country will be available throughout the chat to help clarify how a student loan can be forgiven, cancelled or discharged. The chat will focus on the Stafford and Perkins loan forgiveness programs, including:

-- Determining eligibility for loan forgiveness, discharge or

cancellation.

-- Applying for loan forgiveness.

-- Paying for college and general financial aid information.

The session will also feature information about student loan repayment benefit programs, such as those offered by some private companies to recruit and retain key staff.

Anyone with Internet access can join in the chat by visiting www.mapping-your-future.org.

Mapping Your Future is a public service Web site sponsored by a group of guaranty agencies that participate in the Federal Family Loan Program (FFELP). It provides college, career, and financial aid information and services.

TG is a public, nonprofit corporation that helps create access to higher education for millions of families and students through its role as an administrator of the Federal Family Education Loan Program (FFELP). Its vision is to be the premier source of information, financing, and assistance to help all families and students realize their educational and career dreams. Additional information about TG can be found online at www.tgslc.org. This press release can be downloaded from www.tgslc.org/tgslc/newsroom/.