Aug 3, 2015
110
69
Status
Pre-Dental
If I am selected for either the Army/Airforce HPSP to pay for dental school and I serve the 4 years. Will my undergraduate loans be retired? Thank you in advance.
 

krmower

10+ Year Member
Jul 23, 2008
1,688
59
Status
Dentist
Through the government there is a loan forgiveness act (click on link). You have to sign up for it (it is not retroactive), you have to work continuously for the government for 10 yrs, and you have to be paying back your loan continuously (income based loan repayment) - no deferments or forbearance. If you work for the government for 10 yrs they will wipe out your remaining debt. May not be as applicable for HPSP applicants unless they had large undergrad loans, but for a direct accession it may be beneficial.
 
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chompsss

5+ Year Member
Oct 10, 2013
238
129
Status
Dental Student
During your 4 years of AD payback, you'll have "netted" 4 years towards your PSLF - so, another 6 years and the remaining federal loans balance can be forgiven. This is *so long as* you've been making "qualifying payments" as determined here (pay close attention to the "status" of the loan): https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/public-service

So, you could do either of these three things as well to get those loans forgiven:
  • Join the reserves (Army, Navy or Air Force) and, depending on the programs available at the time of joining, you could get anywhere from $10 - $40k/year forgiven
  • Work as a civilian on a military base - you're paid a "salary" that is allegedly commensurate with a civilian dentist salary and you are technically working at a qualifying "public facility" and thus any year (and remember, you only need 6 more to get the rest of the loans forgiven) you work is also counted towards PSLF
  • Join the National Guard in a reserve capacity and take advantage of their loan forgiveness programs