Dear Becca, If these are federal student loans then it sounds like you would most likely qualified for forgiveness of the federal loans under the Public Service Loan Forgiveness program.
Borrowers who adhere to the payment arrangement can have their loans forgiven after 20 years and can qualify for forgiveness in 10 years if they hold public-service jobs.
Professor Barr writes: "Low earners are entirely unaffected: the higher interest rate has no impact on monthly repayments, protecting people with low monthly earnings; and people with low lifetime earnings qualify for forgiveness after 25 years.
But even the Obama administration tried to place caps on the loan program, recognizing that its popularity would begin to cost the government a lot of revenue once loans began to qualify for forgiveness (that tab, coincidentally, starts being paid this year, by a federal government more intent on cutting costs than ever).
It may be thought, for example, that for behavior typical of forgiveness to qualify, conceptually, as forgiveness, it must be grounded in morally legitimate considerations, including whether the wrongdoer deserves to be forgiven (Murphy, 2001).
But even if she qualified for loan forgiveness, she says, it wouldn't have made much difference.
I would first contact the Florida National Guard unit you were assigned to and get the necessary documentation if you qualified for loan forgiveness under the following National Guard program.
In addition, many participating borrowers might qualify for loan forgiveness after 20 years.
To qualify for loan forgiveness, she would have to spend 80 percent of her time treating cows and oxen.
"I think the odds are very high that it will be fixed long before anyone qualifies for debt forgiveness," said Lauren Asher, president of the nonprofit Institute for College Access and Success.
