By Dave Kelly, Minnesota Bankruptcy Lawyer
Student loans are very hard to get rid of in bankruptcy, but there are all sorts of other programs that might help. One of these is the Public Service Loan Forgiveness program. Apparently the public service student loan debt forgiveness program was expanded about a year ago in many respects. One is that almost any employment for a government agency counts toward the program. This includes military service and employment for any state, federal or local government entity. This includes teachers at public schools. You can find all the details of the changes here at the Department of Education web site.
This morning I received an email from the Veteran’s administration about the deadline to apply for the program. A detailed article on the Veteran Administration web site lays out a lot more good detail and is easier to read than the page from the Department of Education. In the VA article it appears that there are links to information on where and how to do an application. The deadline to apply is coming up on October 31st of this year. Only a few weeks are left. If you have student loans and are a veteran or a government employee or a teacher, you might want to check this out.
I am certainly not an expert concerning student loans, but this looks important to me. I thought I would do what I could to spread the word. Good luck.