4 Ways to Have Your Student Debt Wiped Out
4 Ways to Have Your Student Debt Wiped Out

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