How Can I Legally Get Rid Of Student Loans?

What qualifies you for student loan forgiveness?

Public Service Loan Forgiveness Under Public Service Loan Forgiveness (PSLF), some federal loan borrowers can have their loans forgiven after 120 monthly loan payments.

To qualify, you must work for an eligible non-profit organization or government agency full-time while making 120 monthly qualifying payments..

Do student loans go away after 7 years?

Your responsibility to pay student loans doesn’t go away after 7 years. But if it’s been more than 7.5 years since you made a payment on your student loan debt, the debt and the missed payments can be removed from your credit report. And if that happens, your credit score may go up, which is a good thing.

How can I get out of student loans without paying?

Actually, there are eight ways, and they’re all perfectly legal.Enroll in income-driven repayment. … Pursue a career in public service. … Apply for disability discharge. … Investigate loan repayment assistance programs (LRAPs). … Ask your employer. … Serve your country. … Play a game. … File for bankruptcy.

Can you ever get rid of student loans?

There’s no simple way to get rid of student loans without paying. … Forgiveness through income-driven repayment: This is your best option to keep payments manageable. Your monthly bill amount is set at a portion of your income, and after 20 or 25 years, your remaining debt is forgiven.

How do you get your student loans discharged?

7 Ways to Get Student Loans DischargedBankruptcy discharge. … Closed school discharge. … Disability discharge. … Discharge for 911 victims. … False certification discharge. … Identity theft discharge. … Unpaid refund discharge.