Student Loan Forgiveness in Georgia: How Lawyers Can Help | 2023

Student Loans Are Complicated.

See if you are eligible for Student Loan Forgiveness

Table of Contents

As one of the most populous states in the U.S., Georgia is home to a large number of student loan borrowers. The average student loan debt for graduates of four-year programs in the 2018-2019 academic year was $28,081, with over half of these graduates carrying some level of debt.

By June 2020, the total number of borrowers in Georgia had risen to 1.59 million, each carrying an average student loan balance of $41,100. This figure is one of the highest in the nation, surpassed only by Maryland and the District of Columbia.

Navigating the repayment of such substantial debt can be a daunting task, especially for those fresh out of college. However, there are resources available to help. A variety of student loan forgiveness programs, both at the federal and Georgia-specific levels, offer potential pathways to reduce or eliminate this debt.

In this article, we will cover both state and federal student loan forgiveness options to help you understand what programs are available to you. Additionally, we will explain how lawyers can simplify the process of navigating this complex field.

Georgia Loan Forgiveness Programs

Georgia offers four loan forgiveness programs, primarily targeting healthcare professionals working in rural and underserved areas. These programs are managed by the Georgia Board of Health Care Workforce (GBHCW). 

Here are the key programs:

Physicians for Rural Areas Assistance Program (PRAA)

This program is for licensed physicians practicing full-time in underserved rural areas. The state of Georgia offers a loan of $25,000 per year, which can be reapplied for annually. Physicians can qualify for a maximum of four years and $100,000 in total student loan forgiveness.

Georgia Physician Loan Repayment Program (GPLRP)

Similar to the PRAA program, the GPLRP offers $25,000 per year in student loan forgiveness. It’s available in two-year increments instead of one, but the maximum forgiveness amount is the same: $100,000 over four years. This program is limited to those who practice full-time in the following medical specialties: family medicine, internal medicine, pediatrics, OB/GYN, geriatrics, or psychiatry.

Dentists for Rural Areas Assistance Program (DRAA)

This program provides licensed dentists in Georgia with an incentive of student loan forgiveness if they work full-time in rural, underserved parts of the state. The state-sponsored forgiveness program for dentists in Georgia is worth $25,000 in loan forgiveness, annually, and you can receive up to four of them for a maximum of $100,000.

Physician Assistant Loan Repayment Program (PALRP)

This program, funded by the State of Georgia, offers physician assistants up to $10,000 per year in student loan forgiveness. You must be employed full-time and in direct patient care within medically underserved, rural areas of Georgia. This is renewable for up to four years, for a maximum of $40,000 in forgiveness.

Advanced Practice Registered Nurse Loan Repayment Program (APRNLRP)

This program offers licensed advanced practice registered nurses (APRN) student loan forgiveness. The program offers $10,000 per year for up to four years.

To learn more, visit: Rural Areas Assistance Program

Cancelable Loan Options for Georgia Student Loan Borrowers

Georgia offers several service cancelable loan options for students who are certain of their future career plans. These loans offer the promise of loan reduction or cancellation as long as borrowers fulfill specific obligations, such as completing service in the military or a specific career field. 

Here are some of the key programs:

  • Georgia National Guard (GNG) Service Cancelable Loan: This loan is available to qualified Georgia National Guard service members to assist with tuition expenses at a public or private postsecondary institution.
  • University of North Georgia Military Scholarship Loan Program: This full scholarship program is offered to students pursuing a military career at the University of North Georgia. Students must agree to serve eight years in Georgia’s Army National Guard, including four years while enrolled at UNG and four years following graduation.
  • Georgia Military College (GMC) State Service Scholarship Loan: This program offers full tuition for two years of education at Georgia Military College. A requirement of this loan is four years of service in the Georgia National Guard (two during school and two after graduation).
  • Scholarship for Engineering Education (SEE): Offered by Mercer University, the SEE is for students who intend to work in the engineering field in Georgia post-graduation. Those who meet the eligibility requirements including employment in an engineering-related field in Georgia are rewarded with a loan balance reduction of $3,500 per year.
  • Student Access Loan (SAL): This affordable loan option is for eligible students who attend a qualifying school in the University System of Georgia (USG), Technical College System of Georgia (TCSG), or private postsecondary institutions in the state. The SAL program gives borrowers funds at a fixed 1% rate. For USG graduates or those who attend an eligible private school, you may have cancellation options if you work in certain public service sectors or STEM fields. If you attended an eligible TCSG institution, loan discharge is available provided you had a 3.5 cumulative GPA.

To learn more, visit:  Georgia National Guard (GNG) Service Cancelable Loan (SCL)

Federal Student Loan Forgiveness Programs for Georgia Residents

Alright, let’s dive into some big-time solutions. When it comes to federal student loan forgiveness, there are federal programs available for all Georgia residents

These programs are available to anyone with a federal student loan. 

So, let’s explore them.

1. Public Service Loan Forgiveness (PSLF) Program: If you work in a qualifying public service job, such as government or non-profit organizations, you may be eligible for PSLF. After making 120 qualifying monthly payments under a qualifying repayment plan, the remaining loan balance may be forgiven. For instance, you are working for a non-profit healthcare organization, and making consistent, on-time payments under an IDR plan could qualify for PSLF after 10 years of service.

2. Income-Driven Repayment Plan Forgiveness: Under these plans, monthly loan payments are based on the borrower’s income and family size, and after 20-25 years of qualifying payments, the remaining loan balance may be forgiven. For example, if a are struggling to find a well-paying job in your field and meet the eligibility requirements, You could enroll in an IDR plan and potentially have your remaining loan balance forgiven after the repayment period.

3. Borrower Defense to Repayment: This program offers Student loan forgiveness to students who have been defrauded by their college or university. Graduates who can prove that their institution misled them about job placement rates, accreditation, or other important aspects of their education may be eligible for full or partial forgiveness of their federal student loans. For example, if a student was promised a certain job placement rate upon graduation, but the actual rate was significantly lower, they might qualify for this program. 

4. TPD Discharge (Total & Permanent Disability Discharge)If you are unable to work due to a total and permanent disability, you may be eligible for a Total and Permanent Disability Discharge. This program provides forgiveness for federal student loans if the borrower can provide documentation from the U.S. Department of Veterans Affairs, the Social Security Administration, or a physician certifying their disability. For example, if you become permanently disabled and can no longer maintain employment in your field, you could qualify for TPD discharge.

Finding the Best Student Loan Lawyers in Georgia

When it comes to dealing with student loan debt, it can feel like navigating a labyrinth. That’s where a student loan lawyer comes in handy, offering the guidance you need to manage your debt effectively. But how do you find the right one?

Here’s what you should consider:

1. Experience: Look for a student loan lawyer with proven experience in dealing with student loans. They should have a clear understanding of the various forgiveness programs and be updated on the current laws and regulations.

2. Track Record: Check their track record. Have they successfully helped other clients reduce or manage their student loan debt? Positive testimonials and reviews can often provide this information.

3. Cost: Legal advice can be expensive, but it’s essential to remember that the lowest price doesn’t always mean the best service. Instead, focus on the value the lawyer provides. Are they transparent about their fees? Do they provide a clear explanation of what services you’ll receive?

4. Free Consultation: Many student loan lawyers that are able to help Georgia residents offer a free initial consultation. This can be a great opportunity to discuss your situation, understand your options, and decide if their services match your needs.

5. Accessibility and Communication: Your student loan lawyer should be easily reachable and willing to answer any questions you have. They should also keep you updated on any developments in your case.

Student loan lawyers can play a vital role in helping you navigate the complexities of student loan forgiveness. But remember, it’s not a one-size-fits-all solution. Every case is unique, and your student loan lawyer should tailor their approach to fit your specific circumstances.

Taking the time to find the best student loan lawyer can not only save you money in the long run but also provide peace of mind, knowing that you’re taking the right steps to manage and reduce your student loan debt.

Don’t stress. Debt Management Success helps you connect with licensed student loan advisors and lawyers who truly understand the ins and outs of student loans.

Student Loan Help in Georgia: Location is No Barrier

Navigating the student loan world can feel like decoding a foreign language. It’s filled with terminology, rules, and procedures that are easy to get lost in. 

That’s where student loan lawyers can swoop in and be your guiding light. 

But you might be wondering, “What can a student loan lawyer do for me?” 

In essence, these are attorneys specializing in student loans and related issues. They provide comprehensive services, from guiding you through loan forgiveness programs to representing you in student loan lawsuits. 

Let’s break it down for you:

1. Find Your Student Loans: Lost track of your student loans? Don’t worry; it happens. A student loan lawyer can help you locate all your loans, even those that might have slipped your attention. They can gather all the necessary information about your loans, such as the amounts, interest rates, and terms, ensuring you have a clear understanding of your debt.

2. Qualify for Student Loan Forgiveness: Think of your student loan lawyer as your personal tour guide on the path to student loan forgiveness. They’ll help you understand which forgiveness programs you qualify for, guide you through the application process, and provide advice tailored to your specific circumstances. 

3. Get Your Student Loans out of Default and Stop Wage Garnishment: If your loans have slipped into default, a student loan lawyer can help you explore your options to get back on track. They can also help stop wage garnishment, which can be a major relief.

4. Negotiate a Settlement: for private student loans, Sometimes, your best bet might be to negotiate a settlement with your lender. A student loan lawyer can be an invaluable ally in these negotiations, advocating for your interests and working to secure a deal that’s favorable to you.

5. Lower Monthly Payments: If you’re struggling with high monthly payments, a student loan lawyer can help you explore options to reduce them. This can include changing your repayment plan or applying for an income-driven repayment plan.

6. File for Bankruptcy: While discharging student loans through bankruptcy can be difficult, it’s not impossible. A student loan lawyer can guide you through this complex process, providing insights into the requirements and helping determine if this is a viable option for your situation.

7. Fight a Student Loan Lawsuit: If you find yourself on the receiving end of a student loan lawsuit, having a student loan lawyer by your side can be crucial. They can represent you in court, providing the legal expertise and support you need.

Need to Connect with a Student Loan Lawyer Whos Able to Help in Georgia?

Let’s be honest: dealing with student loan debt can feel like you’re climbing a mountain without a map. And sometimes, no matter how hard you try, you can’t seem to find the right path. 

Whether you’re feeling overwhelmed by your student loan debt, are struggling with high monthly payments, or are in default, Debt Management Success can connect you with a licensed professional who understands what you’re going through and can provide the support you need.

Connect with a professional today, and take your first step towards a brighter financial future. Remember, you’re not alone in this journey. Help is just a phone call away.

Facebook
Twitter
LinkedIn
Pinterest

Join our newsletter.

Read other articles.

See Your Student Loan Forgiveness Eligibility

Join the over 50 Thousand people who have received help from Debtmanagementsuccess.com!

Contact Information
Do You Owe Over $10,000 in Federal Student Loans?
What is The Current Loan Status of Your Loans?
Do you have Unsecured Debts Over $10,000?
Did You Attended a For-Profit College?
Are you Currently Enrolled in College or Going Through Active Bankruptcy?
Are You Employed Full-Time?