Student Loan Forgiveness in Florida
In 2019, Florida is a great place to live, and not only because of its fantastic weather, incredible sights and Disneyworld, but also because it a couple of really strong student loan forgiveness programs for residents who are buried in college loan debt.
Before we proceed, let me make one thing clear: the forgiveness programs mentioned on this page are offered exclusively to residents of Florida, from the state itself. If you don’t qualify for one of these programs, don’t worry, because there are still all sorts of additional Federal Student Loan Forgiveness Programs, and even Private Student Loan Forgiveness Programs available across the country.
With that said, anyone who lives in the Sunshine State and is struggling with student loans should pay attention, because Florida’s student loan forgiveness programs offer exceptional benefits to those who qualify for the programs.
If you want to receive student loan forgiveness in Florida, review this entire article for each of the programs currently on offer, making sure to pay close attention to the Eligibility rules, and Application Procedures so you can determine which program suits you best.
Get Help With Your Loans!
If you're truly struggling with student loan debt, then you should consider paying a Student Loan Debt Relief Agency for help. Why? Because the people working at these companies deal with student loans all day, every day, and they're your best chance at figuring out how to get your loans back under control.For help with Federal Student Loans call the Student Loan Relief Helpline at 1-888-906-3065. They will review your case, evaluate your options for switching repayment plans, consolidating your loans, or pursuing forgiveness benefits, then set you up to get rid of the debt as quickly as possible.
For help with Private Student Loans call McCarthy Law PLC at 1-877-317-0455. McCarthy Law will negotiate with your lender to settle your private loans for much less than you currently owe (typically 40%), then get you a new loan for the lower, settled amount so you can pay off the old loan, repair your credit and reduce your monthly payments.
I've spent 10 years interviewing debt relief agencies, talking to all sorts of "experts", and these are the only two companies that I trust to help my readers. If you have a bad experience with either of them, please make sure to come back and let me know about it in the Comments!
The Florida Nursing Student Loan Forgiveness Program
The Nursing Student Loan Forgiveness Program offers up to $4,000 a year for 4 years in student loan forgiveness. The Nursing Student Loan Forgiveness Program was created to encourage people to get their degrees in nursing, then work as nurses in critical shortage areas throughout the state.
Eligibility Rules
- You must be licensed as an LPN, RN, or ARNP in the state of Florida
- You must have loans incurred toward a nursing education
- You must work full-time at one of the designated employment sites established in Section 1009.66, Florida Statutes
How to Apply
- Find the official program application here:
http://www.floridastudentfinancialaid.org/FFELP/Nursing_Loan_Forgiveness/NursingLoanForgiveness.html
The Florida Loan Repayment Assistance Programs for Lawyers
The Loan Repayment Assistance Program (Florida LRAP) offers student loan forgiveness benefits of up to $5,000 per year, simply for working as an attorney in a qualifying position. This program was created to enhance recruitment and retention of legal aid and legal services staff at organizations who receive support and funding from the Florida Bar Foundation.
Eligibility Rules
- You must remain employed full-time or part-time (at least 50% FTE) for 12 months at a Florida legal aid or legal services organization that receives funding from the Florida Bar Foundation
How to Apply
- Find the official program application here:
http://www.flabarfndn.org/grant-programs/lap/loan.aspx
Will I Owe Taxes on My Forgiven Debt
Anyone who receives student loan forgiveness is going to end up getting taxed on the forgiven amount, as the IRS considers loan forgiveness to be a form of taxable income.
The way this works is that if you receive $10,000 in student loans forgiveness, you’ll need to add that $10,000 to whatever amount of money you actually made for the year, and then pay taxes on your normal income, plus the additional $10,000.
This can may lead to major financial disruptions for people who have been barely scraping by making steady, small monthly payments toward their student loans, but who now owe a large lump sum payment to the IRS.
Fortunately, there are ways to structure your IRS debt to make it more affordable, and I’ve created a website called Forget Tax Debt to help you understand how that process works. If you’re having trouble with the IRS and back taxes, be sure to visit Forget Tax Debt today, where you’ll get detailed information about topics like Avoiding IRS Phone Scams, Filing and Paying IRS Back Taxes, or enrolling in an IRS Tax Debt Forgiveness Program.
Where Can I Go For Other Questions?
If you have questions about how to get help with your student loans, then be sure to check out all of the other pages of my site, where I cover both Federal and Private student loan assistance benefits in detail.
If you’re looking for Federal Student Loan Assistance, make sure to visit my pages about Federal Student Loan Forgiveness, The Borrower’s Defense To Repayment Program, the Closed School Discharge Program, Federal Student Loan Bankruptcy Laws, Federal Loan Consolidation Options and Federal Student Loan Repayment Plans.
If you’re looking for Private Student Loan Assistance, you’ll want to see my pages about Private Student Loan Forgiveness, Private Loan Consolidations, Private Student Loan Bankruptcy Laws and Private Student Loan Default Help.
If you have further questions about FL student loan forgiveness benefits, please post your questions in the comments section below and I’ll do my best to get you a response within 24 hours.
Disclaimer:Information obtained from Forget Student Loan Debt is for educational purposes only. You should consult a licensed financial professional before making any financial decisions. This site receives some compensation through affiliate relationships. This site is not endorsed or affiliated with the U.S. Department of Education.
By: Tim Marshall
Tim's experience struggling with crushing student loan debt led him to create the website Forget Student Loan Debt in 2011, where he offers advice, tips and tricks for paying off student loans as quickly and affordably as possible.
My granddaughter has an large student loan debt. She is one year out of college and she works for the Florida Fish and Wildlife. Is there any kind of Florida student loan help for her?
So technically the Florida Fish and Wildlife may be a Government agency, which means she may be eligible for the Government Employee Forgiveness Program, known as the Public Service Loan Forgiveness Program. I’d look into that.
Hi.
I am 52. After 3 or 4 years of deferment, my student loans are coming due. My loan amount is near $70,000. I am not working in the field I went to school for which is disappointing and depressing. My depression is significant enough before my loans become active, now that they are active, my depression is through the roof. Frankly, I have no idea how I am getting through this – I can only assume it’s because I try to ignore it. As you know, ignoring it has concequences as well. I honestly don’t know what to do. I am alone, I have no one to counsel me with advice and what to do. Can you help me?
Hi David,
Depression doesn’t help you with the debt. What school did you go to? Do you have a chance at filing a Borrower’s Defense to Repayment claim?