Can My Student Loans Be Forgiven? Need Some Advice!

Seeking Advice
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Good morning…
I’m in a bit of a tough situation and could use some advice. I went to a college that shut down in 2024 because of money issues. I was working on my associate’s degree, but the school closed before I could finish.
Now, the loan company is saying I still owe them money for my student loans. Is there any way I can get this debt canceled since the school closed? I owe about $5,000.
Has anyone been in a similar spot? Is there a process to follow for getting my loans forgiven? I’d really appreciate any advice!

Best wishes…

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These programs’ availability :wink: and qualifying requirements are subject to change. It’s critical to keep up of current developments and seek advice from a financial counselor or student loan specialist.

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Disabled borrowers may be eligible for loan discharge. Forgiveness programs may exist in some professions, such as social service and law enforcement.

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teachers at public schools who fulfill specific qualifications. Maximum $17,500 in loan forgiveness is available.

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borrowers who are full-time employees of governmental bodies, nonprofits, or public interest groups.

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Your family size and income determine how much you pay each month.
The remaining balance may be forgiven if payments are made for a predetermined amount of time, often 20 or 25 years.