FTC: This post is not sponsored. I am not a financial advisor. Just offering some friendly advice to help you get your life! 

millennial in debt

If you are battling student loan debt, chances are that you are highly invested in finding out information on how to get student loan forgiveness. I get tons of questions about this topic on Instagram (which by the way if you’re not following you totally should be- you’re missing out) so I wrote a complete write up for you with all of the deets in one spot.

It is estimated that 25% of the population that has student loans is eligible for student loan forgiveness or repayment programs/plans. BecauseI have an unhealthy obsession with paying off my loans and staying debt free I’ve been doing research on these programs for many many years. Unfortunately not everyone does this… and this in essence is leaving money on the floor and prolonging your suffering/struggle when you may not have to.

Let’s take a look at the things you could do and should do in order to get student loan forgiveness.


Student Loan Terms You Need To Know
Should You Play Student Loans Or Build A Savings 
5 Ways To Take Control Of Your Student Loans 

student loan forgiveness

How To Get Student Loan Forgiveness

STEP 1: Talk to your loan provider. I know we prefer to avoid good ol’ Sallie Mae on the phone at all costs but the truth is if we don’t ask we will never receive. Call your loan provider and ask do they offer any loan forgiveness programs, and ask if they could check your eligibility. Especially if you have federal loans, there are several federal programs that you may not be aware of if you do not call to ask.

STEP 2: Seek specific types of employment. If you’re graduating with a more general degree like I did, your options for employment tend to be a bit more vast. I knew that I wanted to be a teacher, but my first degree would have essentially allowed me to work just about anywhere that took a general BA. IF you know that loan forgiveness is one of the only ways that you’ll be able to ever get rid of those pesky loans, then look into applying to be a teacher or government employee. Most public service and non profit jobs will also offer you some type of student loan forgiveness after certain contingencies are met. If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness Program .

As a teacher I received 5,000 dollars towards my federal loans, for teaching in a low income area for five consecutive years. You can receive up to 17,500 for doing the same thing if you are math, science, special ed or bilingual teacher. You can also receive complete loan forgiveness after 10 years of payment in service or 25 (depending on the contingencies of the program you’re eligible for).

STEP 3: Military enrollment. I don’t usually like offering the military as an alternative option to receiving student loan forgiveness for several reasons. However in writing this I want to be as honest and open with you about your options as possible. If you’ve attended school but didn’t finish, or finished school and don’t know what to do next, the military (each branch is different) does offer student loan forgiveness to those who enlist. The amount you get will vary, and depend on your ranking but

It is important to note that no matter your route/choice to financial freedom and student loan forgiveness you don’t want to default on your loans. That is when the company will be a lot less likely/willing to help you. Stay current and make your payments as best you can until you have the answers/keys to world domination. Then…

millennial in debt