Contact our free attorneys for counseling about your student loans.
You can get your loans forgiven or reduced if you are:
- Totally disabled;
- Working in a Public Interest job (including military, government, and non-profit);
- Working as a Teacher; or
- Not making enough money to pay your loans. The Education Department has four terrific programs to lower your monthly payments that many students aren’t aware of. Read more and apply here.
- A member of the:
You can also apply to get your federal student loans forgiven (and even get reimbursed for loans you already paid) if your school:
- Took out loans in your name without your permission or signed your name without your knowledge (application form is here);
- Defrauded or deceived you (online application form is here);
- Closed (and you were enrolled within 120 days of its closure) (application form is here); or
- Wrongly enrolled you in a program you couldn’t benefit from (such as if you lacked a GED) (application form is here).
Good news: If you get loans forgiven or cancelled, the IRS will not consider that taxable income, so no taxes on it, per IRS guidance.
Active duty? You have extra rights!
- No loan – private or federal – can charge you more than 6% interest rate while you’re on active duty, and 0% interest rate if you’re serving in a hostile area. Learn more here.
- You are entitled to postpone your loan payments while you’re on active duty.
- You’re also entitled to be excused from having to file routine paperwork with the Education Department while on active duty.
- The Defense Department will repay some loans in some situations. Ask your designated Military Personnel Officer for help finding out.
Please beware of scams. Apply only through the U.S. Education Department. Our free lawyers can help you with the paperwork.
Another Way to Repay: Student Loan Forgiveness Under Income-Driven Repayment Plans: Read this blog by the Student Loan Borrower Assistance organization and discover the ways you can save money and have your student loans forgiven under the U.S. Department of Education’s income-driven repayment plan.
More Helpful Tips for Student Loan Borrowers here.