Get an Application to Forgive Student Loans
Total or Partial Federal Forgiveness
If you're looking into not paying back some or all of your student loans, you have a few options.
Getting your student debt forgiven will require certain post college labor or a request directly to the government or via bankruptcy court that your loan debt will cause substantial hardship.
The only way to get your loans forgiven, fully or partial, is with the request to the federal government that your debt is too much for you to financially handle.
Since most people will not fall under the substantial hardship category, here are the other options to help you catch up on your bills.
Programs for Teachers
There are some programs that assist in loan repayment or forgiveness if you teach in certain fields or certain locations in the country. You could teach at an elementary school described as having students from low income families. Other opportunities include teaching courses that are in need or working with disabled or mentally retarded elementary or secondary school pupils.
Nursing and Medical Worker Options
Nurses and other medical related professionals are eligible for government forgiveness much in the same way as teachers. Low income areas of the country that do not have sufficient healthcare are the places you will have to work in to receive the government aid. The National Institutes of Health also has a program for workers who will provide some forms of clinical research.
Social Worker or Volunteer Benefits
Doing some time as a volunteer or social worker may allow for some student loan forgiveness. Some of the organizations include Volunteers in Service to America, Peace Corps, and AmeriCorps. The Army National Guard also has a program worth looking into.
Forgiveness for Law Students
If you are a student with a loan from law school, and want to fill out an application to help save money on repaying your student loan, you will have to work at a non-profit organization or other entity that serves the public interest. The American Bar Association did some great research into this topic.
