People in New Hampshire owe more than most Americans per capita, which leads the personal bankruptcy rate in the Granite State to experience occasional highs. Two of the types of debt that are most likely to lead to bankruptcy are student debt and medical debt. One of the prices of New Hampshire’s educated population is a higher incidence of student debt.

Many public service professions qualify for federal programs to forgive student debt. Teachers who work in a school serving low-income families for five years or health providers who serve in the National Health Service Corps, for example, can get thousands in student debt forgiven.

  • Does New Hampshire have any programs that forgive student debt?

Health care professionals are the most likely to get state help to repay their loans. Doctors, nurses and other clinical staff members working in medically underserved areas can get up to $75,000 in debt repayment if they complete a service term of three years.

  • What are some of the other options for people with heavy student debt?

If people owe student loans for a program that was incomplete because the school closed or suspended the program, those loans may be discharged. Some student loans may be discharged in a successful bankruptcy filing as a last resort.

  • How can help with student debt issues?

Financial professionals may advise on loan restructuring, and some school officials can recommended way to tackle student debt. An attorney can help defend people against predatory creditors and fraudulent debt consolidation services, among other possible risks in getting debt relief.