Having a large amount of student loan debt can weigh heavily on you. The payments are huge and unaffordable, and you don't think you will ever be able to pay them off in your lifetime. You just wish they would go away.

Well, although there is no magic wand in the law that will just allow you to do that, it will work in certain circumstances with certain loans. So the question becomes, can NJ CLASS loans from HESAA be forgiven, and if so, how does it happen and under what circumstances?

HESAA Student Loan Discharges

Disability Discharge. Similar to the federal system, if you become totally and permanently disabled, HESAA will forgive the loan. There is a form you need to fill out, and you must provide medical proof of a disability, but it can be done.

Discharge Due to Death. HESAA will also discharge the loan if the borrower dies. This is a bit of an extreme option, but at least the borrower's estate isn't burdened with that debt.

Discharging Student Loans in Bankruptcy

Then there is bankruptcy. If you have a significant amount of debt aside from student loans (such as credit cards, medical bills, personal loans), it may make sense to file bankruptcy to get rid of that debt and, maybe, discharge the student loans as well.

However, it is not easy or inexpensive to seek student loan discharge this way. The burden of proof is high, and the government opposes it aggressively. But if the loan balance is high enough to warrant the expense, 

So What Do I Do?

As you can see, there are different options available depending on your circumstances. It isn't easy to figure out what solution is right for you. But if you live in New Jersey and would like to consult with me on your loans, please click on this link to schedule an initial call to discuss your case. Put my experience to work for you!

If you would like more information about student loans, you can dowload my free books, I Graduated; Now What? A Guide to Dealing with Your Student Loans and Paying for Your Classes with a CLASS Loan: A Survival Guide to HESAA.

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Steven J. Richardson
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Bankruptcy, Collections, Student Loan, DUI and Traffic Court attorney in Woodbury, NJ.