How To Qualify For Student Loan Forgiveness

Fall Behind On Student Loans ? Lose your job.

This story just might scare you. But the sad truth of it is that it could happen to anyone. If your a lawyer, nurse, doctor, dentist, veternarian. Imagine losing your career if you fell behind on your student loan payments.

In 22 states it’s a sad reality. Here are the 22 states where if you are in default they yank your license.

Alabama
Alaska
California
Florida
Georgia
Hawaii
Illinois
Iowa
Kentucky
Louisiana
Massachusetts
Minnesota
Mississippi
Montana
New Jersey
New Mexico
North Dakota
Oklahoma
Tennessee
Texas
Virginia
Washington

Shannon Otto graduated nursing school when she was just 18 years old. It was the Tennessee woman’s dream job.

Then, suddenly at age 32, she started having seizures and was diagnosed with epilepsy. Unable to work, she stopped making payments on her student loans.

“I got a really scary court-certified letter,” Otto said.

The letter from the State of Tennessee said her nursing license had been suspended, and she had to start paying her loans in full or she wouldn’t get it back. – Source

Currently a number of student loan advocacy groups are currently working on local and national legislation that would make it impossible to lose your license. Let’s hope they make that a reality. In the meantime we strongly recommend refinancing your student loans, or looking into student loan forgiveness programs.