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Can you lose your license over student loans?

On Behalf of | May 25, 2022 | Licensure Defense |

If you have a medical license, it is essential to go over various reasons why you could lose your license. Many people realize that fraud, unethical behavior and prescription violations can lead to the loss of a medical license, but you should pay attention to other potential concerns that could jeopardize your license. For example, if you fail to make student loan payments, this could threaten your license.

Unfortunately, if you face financial hardships and cannot pay your student loans, losing your license could lead to additional financial challenges that make life more challenging. This highlights the importance of recognizing your options and taking action immediately.

Student loans and your license

According to Alaska’s Department of Commerce, Community, and Economic Development, you could lose your license if you have defaulted on your student loans. However, you might have the ability to make payment arrangements and avoid the loss of your license. If Alaska’s Department of Postsecondary Education finds that you have defaulted on your student loans, they could issue a temporary license that lasts for 150 days and allows you to make arrangements with the agency to secure a release.

You cannot renew this temporary license and you will have to make arrangements within this timeframe if you want to avoid the loss of your medical license.

Safeguarding your medical license

Whether you worry about losing your medical license over student loans or some other problem, it is pivotal to protect your license, your career and your future. Make sure you have a solid understanding of your options, the individual characteristics of your circumstances and the steps you can take to prevent the loss of your license.