Dena Standley | April 11, 2023
Summary: KHESLC manages student loan forgiveness programs in Kentucky. Borrowers struggling to repay their loans can benefit significantly from loan forgiveness, making it a valuable resource. The KHESLC Board of Directors and an Executive Leadership team oversees the loan forgiveness program.
Kentucky Higher Education Student Loan Corporation (KHESLC) manages student loans for Kentucky residents, including loan forgiveness programs. A board of directors oversees KHESLC's loan forgiveness program and its overall operations and programs. A borrower's eligibility for loan forgiveness may vary based on the type of loan and their circumstances.
As higher education costs rise, student loan debt in the United States rises.
Consequently, loan forgiveness programs have become an increasingly popular option for people struggling to repay their loans. One organization that offers such a program is the Kentucky Higher Education Student Loan Corporation (KHESLC).
If you are a Kentucky student loan borrower, you may be familiar with Kentucky Higher Education Student Loan Corporation (KHESLC). The KHESLC is a non-profit organization that manages and services student loans for Kentucky residents. Working with KHESLC offers many benefits, including loan forgiveness. However, you may wonder who oversees and manages this program.
In this article, we explore who oversees KHESLC's loan forgiveness program and how consumers can benefit from it. Moreover, we’ll provide valuable insight into KHESLC's loan forgiveness program and how you can settle a student loan debt with the help of SoloSettle.
Let’s get right to it.
Among KHESLC's leadership teams are a Board of Directors and an Executive Leadership team that oversees the loan forgiveness program. KHESLC's Board of Directors sets the overall strategy and direction of the organization, while its executive leadership handles its day-to-day operations and programs.
The Kentucky Higher Education Student Loan Corporation is an independent de jure municipal corporation and political subdivision of the Commonwealth of Kentucky, according to Kentucky Revised Statutes 164A.050(1), which is authorized to make, purchase, and sell service-insured student loans, according to Kentucky Revised Statutes 1640A-80(1)-(4), (18).
A fifteen-member board governs KHESLC and is established by Kentucky statute. These include:
Loan forgiveness programs offered by KHESLC are designed to assist borrowers experiencing financial hardship. This program is available to Kentucky student loan borrowers who have made at least 48 on-time monthly payments and meet other criteria. As part of the program, up to $17,500 of your remaining loan balance is forgiven.
Through KHESLC, loan forgiveness is available for the following types of loans:
Kentucky Higher Education Student Loan Corporation (KHESLC) gives several loan forgiveness programs for qualified borrowers. You may qualify for a particular forgiveness program depending on your circumstances and the loan type.
Examples of loans that may be eligible for forgiveness through KHESLC include the following:
A loan forgiveness application and any required documentation, such as proof of employment or disability, must be submitted to KHESLC for consideration. Here are the qualifications:
It's important to review the information carefully and contact KHESLC directly with any questions regarding specific details and eligibility requirements for each program. Applicants should carefully review the program's eligibility requirements before applying since not all loans qualify for forgiveness.
Paying off student debt can be challenging, and if enough time passes without payments, you might get sued over it.
If you’ve been sued for student loan debt, you must respond with a written Answer to protect your rights and give yourself a fighting chance in court. You can also settle the debt at any stage of the debt lawsuit process. SoloSettle simplifies the debt settlement process. Watch this video to learn more:
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SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.
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