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Looking for Student Loan Forgiveness? Check Out These Programs

student loan forgiveness
  • Oct 9 2018

As a high school student or older individual considering going to a four-year college or university or graduate school, you probably spent countless hours reading literature about schools, talking to friends and families about their experiences, and even visiting campuses–with little thoughts for topics in the future like student loan forgiveness. Deciding where to spend your next four years or extended time for graduate studies is a major commitment of your time—as well as your finances. And unfortunately, as college tuition just keeps rising, the amounts that students must keep borrowing increases as well—just adding to the $1.5 trillion cumulative debt in the US that has many borrowers under extreme duress.

With the term ‘crisis’ bandied about constantly now regarding the student loan debt, many economists are examining the problem and its true origins, as well as looking at realistic ways to prevent borrowers of all ages from going into delinquency and default. If you are delinquent, your student loan servicer will be just as quick to report your late pays as any other lender would be, sending your credit score plummeting. A default is much worse as it leaves you open to collections lawsuits, default judgments, and a host of repercussions from the government such as wage garnishments, interception of tax returns, and more.

There are a host of different programs available via the government if you are having trouble making your student loan payments, and many of them are overlooked by borrowers. You may be eligible for an income-based repayment program, or forbearance or deferment. Forgiveness can be more difficult to come by, but it is possible if you are working in one of the approved professions such as public service, teaching, medicine, the legal arena, and more.

Public service loan forgiveness (PSLF) is one of the most common and well-known programs, made available to those who work in the government agencies (whether federal, state, or local) or non-profit organizations (excepting religious non-profits). Along with that are other programs such as Pay As You Earn (PAYE), allowing for forgiveness after a specific time period, and Forgiveness with Revised Pay as You Earn too. You could possibly become eligible for a Federal Perkins Loan Cancellation too if you work in the educational field. Find out more and see the complete list of forgiveness programs here.

If you are concerned about student loan debt, contact Fitzgerald & Campbell, APLC now. Our experienced student loan debt attorneys will be glad to review your case and discuss all the available options with you. Our attorneys have decades of experience in serving clients as they navigate through challenging financial situations, to include student loan issues, bankruptcy and other debt management processes. We are here to help! Call us today for a free consultation at (855) 709-5788 or email us at

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Posted in: Student Loan Debt