Public Employee Student Loan Forgiveness
Most people don’t know that they can remove one tenth of their student loans for every year they work for any non profit or government employer. While you are working for such employers the loan is reported and being paid on time.
Philip G. Schrag wrote a law review article on this program here Public Employee Student Loan Forgiveness Program. Also the form to apply for Public Loan Forgiveness is here Public Service Loan Forgiveness. The important thing to remember is that this program covers a large portion of people that do not take advantage of it. Doctors and Nurses that work for hospitals often qualify because they work for non profit corporations (hospitals). Teachers and other government employees qualify for it. Nearly 30% of the population including soldiers and persons that work for churches and religious organizations qualify. However if you work for a church or religious organization your job must involve public service work that is non religious such as being a daycare worker, doctor or teacher that works for that church.
Income Based Repayment and other Discharge Programs
If you are in an income based repayment program you can still use this program while you are in an IBR to reduce the debt every year you work for a public service employer. This is one of 10 different administrative programs that will reduce or eliminate your student loan debt with affordable, reduced or zero payment being made to the government. Please review the other pages of our website about student loan discharges including the undue hardship discharge so you can eliminate your debts. We appreciate any links or if you like us on Facebook and Google plus. By linking to us and connecting to our website and reviews on Google plus you help make this material available for others. The only way you found this information is because someone else liked us and linked to us. If you are in Kentucky or Southern Indiana come see us for your bankruptcy. Download our Book.