4 Ways to Have Your Student Debt Wiped Out .
1.
Income-Driven Repayment Plans.
Four federal income-driven repayment programs — ICR, IBR, PAYE and REPAYE — offer student loan cancellations after 20 to 25 years.
2.
Career-Based Student Loan Forgiveness.
Military, educators, lawyers and healthcare professionals who work in low-income areas can often wipe out most — if not all — of their debt through both state and federal programs. 3.
Bankruptcy.
In extreme cases in which a borrower can prove "undue hardship," student debt could possibly be erased in bankruptcy court.
4.
Borrower Defense to Repayment.
A borrower who can prove that their for-profit university broke state laws can have their student debt wiped out under this program