Ways to Get Rid of Student Loans
Submitted by admin on March 1, 2010 – 3:44 pmNo Comment
Here are few legal ways which makes you to get rid of student loans debt.
- File to have student loan debt eliminated if the school you attended closed before you could complete your degree. You shouldn’t be paying for student loans under this situation.
- Request complete loan forgiveness if you are 100% disabled. If you receive SSI or SSDI or VA disability benefits, your student loans can be completely discharged under certain circumstances. Contact your loan agency and request forms to file for disabled persons to discharge the debt.
- Find a job with student loan forgiveness. For instance, if you are a member of the Peace Corps you can get up to 15% of loans forgiven per year of service. AmeriCorps offers student loan forgiveness as well. Apply for jobs with these agencies to help get rid of student loan debt.
- Request a “hardship hearing” if you are facing bankruptcy anyhow. Although very few people have student loans discharged during bankruptcy, it can happen for a small percentage. Ask for information from your bankruptcy lawyer for this special case.
- Become a teacher in certain parts of the country. Student loan forgiveness for a certain number of years of service can be a great way to get rid of student loan debt.