Military Loan Forgiveness Application
Short summary:
I understand that if I am approved for South Carolina Student Loan’s Military Loan. Forgiveness Program, a one-time loan forgiveness of up to $2500 will be ...
Long summary:
Military Loan Forgiveness Application (see reverse for details) Name (Last) (First) (MI) Social Security Number Mailing Address City State Zip Code Home phone ( ) Work phone ( ) Email Date(s) of active duty from to (mm/dd/yyyy) (mm/dd/yyyy) * Documentation which confirms period of active duty service must be attached. Authorization: I understand that if I am approved for South Carolina Student Loan’s Military Loan Forgiveness Program, a one-time loan forgiveness of up to $2,500 will be applied to my outstanding educational loan(s). I also understand that this forgiveness will be considered taxable income. Signature Date (Borrower or Power of Attorney*) *Power of Attorney documentation must be attached to application. Please return completed application and supporting documentation by June 30, 2007 to the following address: SC Student Loan Repayment Services Department PO Box 21337 Columbia, SC 29221 Please call (803) 798-0916 or toll free (800) 347-2752 if you have any questions. Military Loan Forgiveness Program This program is designed to honor those who have served or are currently serving in the U.S. Armed Forces. This program is a one-time loan forgiveness of up to $2,500 per borrower. This forgiveness is for South Carolina Student Loan borrowers who meet the eligibility requirements. Eligibility Requirements The borrower has served or is currently serving in the U. S. Armed Forces on or after September 11, 2001 through December 31, 2006 in an active duty status. Active duty means full-time duty in the active military service of the United States as defined in Section 101(d)(1) of Title 10, United States Code, but does not include active duty for training purposes or attendance at a service academy. Existing Federal Family Education Loans (Federal Stafford, PLUS and Consolidation Loans) and Palmetto Assistance Loans held by SC Student Loan for school terms prior to January 1, 2007 are eligible for forgiveness. Loans must be in good standing ...
Source: www.slc.sc.edu
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