All the Ways You Can Get Your Student Loans Forgiven

Source Date: 
Monday, February 18, 2019

With the average student loan balance hitting $29,800 for the Class of 2018, you’re probably looking for any help you can get paying off your debt. And if you meet certain requirements, it’s possible to have a portion of your balance forgiven.

Not everyone qualifies for forgiveness: If you have private loans, for example, you’re on the hook to repay the full amount, and every forgiveness program has strict requirements. You shouldn’t count on forgiveness to get your debt under control, and you should never pay anyone who promises to get your debt forgiven—it’s likely a scam.

But for some with federal loans, there are options.

“I’m in debt. I am a true American.”
– Balki Bartokomous (fictional character played by "Bronson Pinchot" in the television sitcom "Perfect Strangers")