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Posted On: November 4, 2010

Student Loan Debt Forgiveness Programs

A Sacramento bankruptcy attorney explains some student loan debt forgiveness options.

Student loan debt forgiveness programs are available to students who are pursuing a career in areas that have a critical shortage. For instance, students who wish to become nurses, teachers, or lawyers usually incur a lot of debt When the student graduates from their program of study they usually have to take one or more jobs, just to pay off their student loans. The government came up with a solution to the shortage problem, and the students problem that will benefit both parties. The student loan debt forgiveness program is designed to help students get out of debt quicker, and pursue their field of study, prior to graduating from college.

Students usually commit to one to five years of working in poverty stricken communities, and in turn receive valuable training, and a large decrease in their total loan obligation. Areas that are in high demand are often in areas where low income, unemployed, and disadvantaged individuals reside. These are the areas that tends to need the most assistance. Nurses are in high demand in these areas, so are doctors, lawyers, and teachers. After the student has fulfilled their commitment to serve their term, they are free to leave the area, and pursue their career somewhere else.

Please do not hesitate to contact us at our Sacramento office by calling 916.792.6025 or for your debt resolution needs. You can receive a free consultation over the phone, or request a free in person appointment at a Bankruptcy Law Firm office nearest you. Please visit our website at www.sagarialaw.com and fill out a free online evaluation form to determine if you are a qualified candidate for bankruptcy. Bankruptcy Law Firm's team of bankruptcy lawyers, bankruptcy client care specialists and bankruptcy staff at Sacramento can assist you with all aspects of your bankruptcy case. We at Bankruptcy Law Firm can assist you regarding filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. and we are happy to help! Our bankruptcy attorneys located throughout California and Oregon can assist you with your bankruptcy questions.

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