New Book Asks, ‘Student Loan Forgiveness or Ten Years to Life?’

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Dane Spancake guides readers how to pick student loan repayment strategy that will work best for them

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Author Dane Spancake, a federal student loan counselor at Pennsylvania Higher Education Assistance Agency, helps readers navigate the loan landscape with this guidebook. “Student Loan Forgiveness or Ten Years to Life?” (published by Archway Publishing) aims to raise the level of borrower awareness amongst borrowers beyond what one may gain through the Department of Education's 180 second preferred average call length.

The skyrocketing outstanding federal student loan debt ($1.3 trillion as of 2016 up from $500-plus billion outstanding as early as 2008), and college affordability in general, are two hot presidential election topics in this 2016 election cycle. In this book, Spancake uncovers the misconceptions about federal loan repayment as he presents the "truths" in a manner that is more visual and concise than the competition.

Through this book, readers will be able to evaluate the positives and negatives of repayment schedule choices; weigh the pros and cons of income-driven repayment options versus traditional options; and determine if they qualify for loan forgiveness. They will also learn how Congress sets the interest rates, how installment payments are calculated, and the benefits of consistent payments versus the consequences of postponed repayment.

An excerpt from the book:
Currently, there are only two programs that grant loan forgiveness without tax consequences. These are 100 percent forgiveness for Public Service Loan Forgiveness (PSLF) or Teacher Loan Forgiveness (TLF) at 5,000 or 17, 500. It amazes me the low-level of awareness for either of these two programs.

“Student Loan Forgiveness or Ten Years to Life?”
By Dane Spancake
Hardcover | 6 x 9in | 142 pages | ISBN 9781480828926
Softcover | 6 x 9in | 142 pages | ISBN 9781480828919
E-Book | 142 pages | ISBN 9781480828933
Available at Amazon and Barnes & Noble

About the Author
Dane Spancake is a federal student loan counselor at Pennsylvania Higher Education Assistance Agency and previously worked with various financial services companies. He holds an MBA - Finance degree from the Boston University Questrom School of Business and a bachelor’s degree in economics from the University of Maryland in College Park, Maryland. He lives in York.

Simon & Schuster, a company with nearly ninety years of publishing experience, has teamed up with Author Solutions, LLC, the leading self-publishing company worldwide, to create Archway Publishing. With unique resources to support books of all kind, Archway Publishing offers a specialized approach to help every author reach his or her desired audience. For more information, visit archwaypublishing.com or call 888-242-5904.

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