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In his earliest days as President of the United States, Barack Obama announced the start of a plan that would make former students exempt from paying back the full amounts of their loans.After this announcement, the legislative act was named the Obama Student Loan Forgiveness Program.The following paragraphs provide more information about eligibility for the Forgiveness Act, as well as the impact this program will have on former students.The first condition to be met by former students who want to apply for the program in 2014 is to have applied for a federal loan, such as a Stafford or a Perkins loan. I myself have education loans, so I started looking into the possibility of consolidating these loans to lower my interest rate and reduce multiple payments into a single payment, for simplicity.

However, there might be other programs for these students covered by the policies of the companies providing the loans.

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Download our latest infographic to learn how higher education is adapting to this growing population.

Advantage Education Loans are great options when you need additional funds to pay college expenses and to manage your education debt.

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