In the year of 1999-2003 i went to school for my A.S.degree in Nursing, after finishing the pre-requisites you have to apply for the program, i applied and i was not accepted. I then realized that i was stuck with student loans. In 2011 i was accepted into another University and finally got in the Nursing Program. In the 3rd semester of being in the program i was released because of Academic issues. I had 3 family deaths in one year and broke my finger within the same time frame. The school believes that if you get more than 2 C’s you are automatically released from the program. I am now further in debt with student loans and of course no degree. I am truly devastated and really need some help, what do i need to do, anyone please.

My wife has over $180k in student loan debt from medical school. I’ve only talked to one company about possibility of some of it being forgiven but they said going through them would actually increase our monthly payment by 100%. Said it was due to her income ($220k) That was unimagineable to me. Could that be correct? Any advice on what kind of specific program I should look in to and what company may be best to help with it? Thanks a lot!

Earnest fixed rate loan rates range from 3.45% APR (with Auto Pay) to 6.99% APR (with Auto Pay). Variable rate loan rates range from 2.05% APR (with Auto Pay) to 6.49% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of October 11, 2019, and are subject to change based on market conditions and borrower eligibility.
You’ll need to figure out if the loan is Private or Federal, and then determine if you have any sort of qualifying conditions, like working for the right kind of employer, in the Non-Profit space, Federal Government, as a Nurse, etc., to see if your wife matches any of the available Forgiveness programs currently on offer. It’s not a simple question!

My 120 qualifying payments could take me 20+ years to eventually make if I let it. With the NHSC program, the requirements are much more specific, rural area, two year commitment, etc. I am interested in potentially applying for the NHSC program as well. I know that the two programs work differently and I am wondering if you know whether or not they could be used simultaneously? Are you aware of whether or not this has this been done before?


Yes it does. I think my wife needs to certify the employment and do more with the PSLF as I think the loan officer that told her about it did not say anything about recertifying… I am hoping she can get certified then and possibly still make it work because she has been at her current public teaching job 9+ years and I hope her digging more into it can get it all certified and her loan taken care of.
The military offers a number of student loan forgiveness and repayment assistance programs to health care professionals. Army doctors could receive up to $120,000 from the Active Duty Health Professions Loan Repayment Program. The Navy Financial Assistance Program offers up to $275,000 in loan assistance for medical residents. You might need the complete repayment guide for doctors to find more options.
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