Below, I’ll go through each available Forgiveness and Discharge program in detail, so prepare for heavy reading, because you’ll need to get into specifics to determine which program will work best for you.All of the programs above are excellent opportunities for getting rid of your loans, but remember that most of them are going to require many years of payments before you can get rid of your debt (except some of the Healthcare and Nursing programs, which are super accelerated).For specific details on each program, you’ll need to click the links leading to program-specific pages of my site, where I review the programs comprehensively.Following those links, you’ll find all sorts of information about each individual program, including who qualifies for them, how much money they offer, what’s required to qualify for the benefits, and how you can apply to receive them.I’m Joan Concilio, community manager and writer for Man Vs. And I had a crazy thought: If they could do it, so could we.
And that may seem like no big deal, but when it’s taking over a year to hear back from the Department of Education on the status of Borrower’s Defense Against Repayment Applications, that means you’ve got THOUSANDS of reasons (read: DOLLARS) to get it right the first time around!
There’s never been a better opportunity to qualify for Student Loan Forgiveness Benefits, as there are literally tons of different programs available, so be sure to browse through my list below and you’re almost certain to find a forgiveness program that can help you get rid of your loans without paying for them.
The dirty little secret to the student loan industry is that schools, lenders, and student loan servicing companies don’t want you to know about these forgiveness benefits, but thanks to the power of the Internet, you’ve now uncovered the biggest secret about student loans: they’re not that hard to get rid of!
Next, let’s discuss the more modern Federal Student Loan Discharge programs, which let you get rid of your loans more quickly than the older Forgiveness Programs, but which are much harder to qualify for since they’re only available to small portions of the population.
Like I mentioned earlier, these programs let you wipe out your student loan debt in an instant, but the downside to Discharge programs is that they’re much more difficult to qualify for because of restrictive eligibility conditions.