I am trying to help someone with the student loan forgiveness program

[jwirr]

that was in the HCR. Anyone got a link to how it works?

[liberalmuse]

1. If you don't have it paid off in 25 years...

then you can be forgiven of your debt. They also have a program where you can apply to make payments based on your income.

On edit - the above is the latest that I'm aware of. I'm sorry - I hadn't realized anything further was passed on this with HCR.

[northernlights]

5. I had read something last summer on the HCR...it was 10 years

of required payments on Stafford Loans while working for a nonprofit would have balance forgiven.

Most student loans are set up for 10 year payback, so presumably the above was for people who'd had deferments throughout they payback time so had debt piling up.

[Lil Missy]

2. I don't know what was in HCR, but proof of disability is a cause of discharge

[bigtree]

3. I know someone who just got her mom a 'hardship' exemption

Call your Senator and find out the details of this. They can wipe all the debt away. This person was being denied SS benefits. They also suggested bankruptcy, but I don't think that's necessary to wipe out the debt. Look for a 'hardship' exemption.

here's a link:

Loan Forgiveness Based on Economic Hardship

In rare situations a bankruptcy court may rule that your financial situation is dire enough to expunge your outstanding student loans, including federal student loans and private loans. The fact is your student loans are an obligation regardless of bankruptcy, which makes this such an unusual occurrence . . .

http://www.collegescholarships.org/loans/student-loan-forgiveness.htm


Deferment Requirements
Economic Hardship Deferment

Eligibility Requirements

Maximum Time Limit: 36 months

Must Reapply: Every 12 months (unless you qualify under Condition #3 below)

Requirements. To qualify, you must meet one of the conditions listed below and provide the required documentation for only that condition.

1. You have been granted an Economic Hardship Deferment on a loan made under the Federal Family Education Loan (FFEL) or the Federal Perkins Loan Program for the period of time for which you are now requesting an Economic Hardship Deferment for your Direct Loan(s).
2. You are receiving payment under a federal or state public assistance program, such as Temporary Assistance for Needy Families (TANF), Supplemental Security Income (SSI), Food Stamps, or state general public assistance.
3. You are serving as a Peace Corps volunteer.
4. You are working full-time and your total monthly gross income from employment must be less than or equal to the larger of (A) the monthly minimum wage rate or (B) 150% of the Poverty Guideline amount for your family size and state, as shown in the charts below.

https://www.dl.ed.gov/borrower/DefermentFormList.do?cmd=doViewRequirements&wizardName=Economic%20Hardship%20Deferment

[northernlights]

4. generally it involves work in nonprofits, or regions where it's hard to recruit

http://www.finaid.org/loans/forgiveness.phtml
The US Department of Health and Human Services offers loan forgiveness programs through the National Health Service Corps and the Nursing Education Loan Repayment Program. These programs offer loan forgiveness to physicians and registered nurses who agree to practice for a set number of years in areas that lack adequate medical care (including remote and/or economically depressed regions).

The US National Institutes of Health's NIH Loan Repayment Programs repays up to $35,000/year of student loan debt for US citizens who are conducting clinical medical research.


Here's a list of programs by state
http://services.aamc.org/fed_loan_pub/index.cfm?fuseaction=public.welcome&CFID=1666857&CFTOKEN=15518825


Here's an article
http://moneycentral.msn.com/content/CollegeandFamily/Cutcollegecosts/P142701.asp

just google healthcare and "student loan forgiveness" and a pile of info comes up.