Latest Posts
Home > Ask The Get Out of Debt Experts > Dealing with Student Loan Debt When Active Duty Military

Dealing with Student Loan Debt When Active Duty Military

I am active duty for the last 15 years and I have been struggling to pay my student loan. I still owe 50,000 thousand dollar, and I simply cannot afford to make the payments. Is there a program that can help me as a military men to help me pay for this debt. I am going crazy with this situation and I don’t see the light to get out of this situation. Please Help ME…

V/r,

Fernando

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

Dear Fernando,

There is some good news for you if these are government subsidized student loans. If they are, and I’m hoping they are, then read Military Student Loan Forgiveness and Discharge Programs for details on what to do.

That article also includes information on potential waiver of interest programs for active duty military.

Student Loan Resources

You can use the following student loan resources to help reorganize, discharge or forgive your student loan payments.

The Overall Guide to Dealing With Student Loan Debt

Get Help For Your Student Loan Problem

Discharge Your Student Loans in Bankruptcy

Getting Sued Over a Student Loan

Student Loan Forgiveness and Discharge Information

Watch Out for Student Loan Assistance Programs

Student Loan Consolidation Information

Specific Federal Student Loan Repayment Program Information

Maybe College Isn’t the Answer

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

Dealing with Student Loan Debt When Active Duty Military
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

Dealing with Student Loan Debt When Active Duty Military by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Student_Loan_Debt_Free

    Dear Fernando, There is Help out there for your Federal Student Loans. Military Debt Management Agency is a non-profit charitable organization that was organized in the fall of 1997. Originally it was formed to assist military personnel in obtaining previously denied security clearances. Military Debt Management Agency works with the Department of Education to help consolidate your Federal Student Loans. Our Certified Financial Counselors will review your student loans and determine which loans are applicable to be consolidated based on the Department of Education’s guidelines. Generally, your payment is about 50% less than your current minimum payment with a decrease of the interest rate between 1-6%. Once our counselors determine your eligibility and approximate payment, they will gather all the necessary information needed for the consolidation and send out all agreements and forms for your signature. From there our underwriting department will review your file and send it to Department of Education for final approval. From there the Department of Education will approve the consolidation, sending you a new promissory note to be signed and sent back and then your consolidation is done, and you’ll begin making payments at the lower amount. It’s that easy. Militarydebt.org Call me directly. 1-800-323-3343 ext. 565

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.