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How to get your student loans forgiven? There are a few ways to do it.

I had an interview with the chairman of the Mortgage Bankers Association and student debt was his biggest concern the way student loans are killing the first time home buyer. Young people fresh out of college are not able to qualify because they are graduating on average with $30,000 in debt.

That includes the people who graduate with zero debt meaning that half the students are above that amount and half are below, When you consider the costs of buying a new home. income that could go to housing costs has to go to student loans instead.

Last year at this conference as I started to cover this strategies on how to handle student loans, someone from the audience said \\u201cwhat about debt forgiveness?\\u201d

Is there anyone here that was actually able to get someone\\u2019s loan debt forgiven? How many?

Audience: I had four!

Dave: Could you come here for a second please?

Dave: My strategic is when you come home from college you will have one loan for every term, that is killing your credit score because it looks like you have 10-15 accounts all at the high balance. The first step to repairing your credit after college is to get a consolidation loan.

Unless you can get the debt forgiven, can you tell me the story of how you were able to get college loan debt forgiven?

Audience: \\xa0Unfortunately, it was because the borrower became permanently disabled. When someone becomes permanently disabled you can get student loans forgiven. That is the only way I was able to get the debt forgiven.

Dave: ok great thank you, well that is an option but not a great option.