Army Student Loan Forgiveness after 10 years of service?

[Evistor]

Hi,

I heard some people saying that active duty members can have their remaining balance discharged after 10 years of service.

The logic behind it is that military is a government organization so any military personnel should be eligible. (Is what they say)

Is this true?

I did not receive HPSP and am aware of the military student loan repayment program but I will still be in debt due to my colossal $600k+ student loan.

Thanks in advance!

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[BluntForceTrauma]

Hi,

I heard some people saying that active duty members can have their remaining balance discharged after 10 years of service.

The logic behind it is that military is a government organization so any military personnel should be eligible. (Is what they say)

Is this true?

I did not receive HPSP and am aware of the military student loan repayment program but I will still be in debt due to my colossal $600k+ student loan.

Thanks in advance!

Yes.

 

[chompsss]

Google "Public Service Loan Forgiveness" and you'll see what the program is all about. Military does count as public employment.

 

[BluntForceTrauma]

Any govt position counts as qualified employment under PSLF.

 

[Tooth Ferry]

However, given the difficulty many are having with actually having their loans put in the correct repayment programs and uncooperative lenders, I wouldn't necessarily count on it being a certainty that your loans would be forgiven.

 

[chompsss]

However, given the difficulty many are having with actually having their loans put in the correct repayment programs and uncooperative lenders, I wouldn't necessarily count on it being a certainty that your loans would be forgiven.

This

 

[Evistor]

Thanks for all the input.
With estimated $600k+ student loan debt after graduation, I will make sure I find the correct repayment program.