How Can You Have Your PhD or Graduate Student Loans Forgiven?
Graduate school enrollment is growing rapidly, yet paying for graduate school is still much more challenging than paying for undergraduate college. Since paying graduate programs offer fewer resources like grants and scholarships, many students rely on student loans. Only 15% of students enroll in graduate programs, yet 40% of federal student loans issued each year go to financing PhD and master’s degrees-amounting to over $37 billion owed annually.
Many graduate students finish school with over $100,000 borrowed in student loans, only to find that the median full-time annual salary for recent graduates ranges from just $55,000 to $65,000 a year. When you’re struggling with student loan debt, it can be difficult to know when or where to find help. McCarthy Law may be able to help you regain control of your student loan debt if you are experiencing any of the following:
- A starting income that is significantly lower than your debt balance
- A lender suing you for defaults
- Harassment from a debt collection agency
- A dispute with a loan servicer
- Confusion about your legal rights or options for a defaulted student loan
- Uncertainty about your eligibility for student loan repayment or forgiveness programs
Student Loan Forgiveness for PhD/Graduate Students
Unlike other student loan assistance companies, our team of skilled attorneys is overseen by state licensing boards and held to strict rules about confidentiality and accountability. Unlicensed companies don’t offer protection against mistreatment or fraud, but McCarthy Law is equipped to defend you should any of these instances arise.
When a student loan is forgiven, it means that, as the borrower, you are no longer required to repay some or all of the loan. There are quite a few student loan forgiveness or discharge programs that you could qualify for, including:
- Public Service Loan Forgiveness (PSLF): For full-time employees of the United States federal, state, local, or tribal government or non-profit organizations that hold federal student loans and have made 120 payments under their income-driven repayment plan. (περισσότερα…)