How To Get Your Student Loans Forgiven


By now you already know that there is an epidemic among millennials. College students are coming out with an average of $25,000 worth of student loan debt when they graduate college. As my peers and friends, these are the same people who would like to be saving to buy a house, or get a start on saving for retirement. Most loans will take more than a couple years to pay off, which makes me wonder if they are ever forgiven.  All I ever hear from people is that unless you die your student loans will never be forgiven. But in reality there are a couple of different ways your loans can be forgiven.

Read on my friend read on ….

The Lucky Few

To those who have had their school shut down for good, your loans will be forgiven. Meaning, if your school closes while you are attending or shortly after then say goodbye to that loan. Sound far-fetched. Corinthian College is currently under investigations of predatory lending and is currently being audited for this exact situation. The government could potentially be shutting them down. Although, most people who go to any other college this kind of loan forgiveness is highly unlikely.

Total and Permanent Disability

Pretty self-explanatory, but you must provide informational proof regarding your disability to the Department of Education. If you are a veteran and deemed unemployable you qualify for loan forgiveness. If you receive Social Security Disability Income, you qualify. If submit certification from a physician who states you are mentally or physically impaired you also qualify for this provision.


No explanation needed.

Bankruptcy (Rare)

If your loan causes you “undue hardship” via Chapter 7 or Chapter 13 bankruptcy then you may have a chance to have your loans forgiven. Don’t count on this as in most cases courts rule against the loans as hardships.

Unpaid Refund Discharge

You may have your loan forgiven if you withdrew from school, but the school didn’t pay a refund that it owed the Department of Education/Lender. Meaning, that if the school received aid for you, but kept the money and saddled you with the debt only part of the loan would be forgiven depending on the amount of time you attended before withdrawal.

My two personal favorites

Teacher Loan Forgiveness

This is great for all those teachers out there. Various rules for this one, but mainly, you must be a teacher working in a low-income school for 5 years. The one downside is your Plus loans won’t be forgiven. Bonus: Special education teachers qualify as well! It’s nice to give back and work to help those less privileged and this is one benefit of doing so.

Public Service Loan Forgiveness

Those enduring public servants who have made 120 payments or 10 years worth of payments, your remaining Direct loan balance may be forgiven.

There you have it. There is relief for those big students, but as with everything in life, it depends on your situation.

To find out if you qualify for any of these programs visit

Ever had a student loan forgiven based on the above? Let me know in the comments below.

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