The average student loan debt is now over $37,000 per student in the U.S. This means that many new graduates are starting out their professional lives with hefty monthly payments to make on this debt. Fortunately, there are programs that offer student loan forgiveness. Student loan forgiveness is the resetting of this loan debt to zero, with no further payments required. Some of these programs cap the monthly payments so that they will be adjusted according to income, while others actually “forgive”, or write off, some or all of the debt for those who participate in public service or similar occupations. There are also other circumstances which mean that student loan debt can be forgiven. For example, if a student should become seriously ill or the school closes, student loans may be forgiven.

Professions That Offer Student Loan Forgiveness

There are a number of public service and other similar professions that offer various student loan forgiveness programs. Some of these include teachers, doctors, branches of military service, and firefighters. For example, the Federal Perkins Loan, which is a need-based student loan, has a percentage of the loan forgiven for each year of service that the student works after graduation. Working full-time for five years in one of these service areas can result in having the entire loan cancelled.

Another example is loan forgiveness programs for those who work in nursing. Nurses who work in an undeserved area for two years may have 60% of a student loan forgiven, and then can get an additional 25% forgiven for working a third year. Also, people who go to medical school are notorious for graduating with huge amounts of student loan debt. For that reason, there are large amounts of loan forgiveness available from the National Health Service Corps for new doctors and dentists who work in certain positions. In fact, as much as $50,000 can be forgiven.

Call to Schedule a Consultation With a Minnesota Student Loan Forgiveness Lawyer Today

If you are a graduating student and are interested in learning more about student loan forgiveness, call to schedule a consultation with a Minnesota student loan forgiveness lawyer today. The legal professionals at the Hoverson Law Offices, P.A. have over thirty years of experience helping students and others deal with overwhelming financial issues and we are dedicated to helping you. Visit our website at or give us a call at 612-349-2728 and schedule a consultation or we’ll talk to you on the phone and answer any questions you may have. After all the hard work of college, you don’t deserve to be drowning in student debt, so contact us and let us help you get back on track. 

If you are one of the people in Minneapolis or around the country that owe some of the $1 trillion dollars in student loan debt, then you’ve probably asked yourself what it means to attain student loan forgiveness. Student loan forgiveness can mean that the remaining balance or a portion of the balance that you owe to your lender is cancelled. That’s right, cancelled, as in, brought down to nothing.

A student loan forgiveness attorney can help you understand the various circumstances for which you might qualify for such a measure. If your student loan debt is owed to the government, there may be a way to convince them that you have effectively given back to the community in a way where your student loans may be forgiven. Also, the government and certain organizations can offer repayment incentives to promote service in fields that are in high demand.

Whatever your situation may be, the lawyer at the Hoverson Law Offices can take a skilled look at the terms of your loan and prepare a roadmap for relief by asking for student loan forgiveness. There is no need for you to live in a state of concern regarding the loan that is taking away more and more from your means. This type of measure is attainable and affordable in your time of need. Some of the services we can help you explore and understand include:

  • Public Service Student Loan Forgiveness Programs
  • Teacher Loan Forgiveness Programs
  • Income-Based Repayment Plans
  • Pay as You Earn Repayment Plans
  • Administrative Discharge Forgiveness Programs

If you live in Minneapolis or Bloomington and are in a situation where the weight of burdensome student loan payments is putting a strain on your happiness, contact the Hoverson Law Offices today to speak with our qualified student loan attorney today. They will help you discover how to find relief, consolidation, and answers to your worries. As a leading Minneapolis, Minnesota firm offering student loan help services, we are committed to helping you!