Student Loan Cancellation

Student loan cancellation can be granted under certain circumstances. Below are some of the ways to obtain student loan cancellation.

Total and permanent disability

Student loans are discharged if you become disabled totally and permanently. This total and permanent disability needs to be certified by a doctor. If you are unable to earn a living or work, your student loans are discharged or cancelled.

School is closed

What good is a student loan is the school shuts down. If you receive a student loan for a course that has closed before your finish  your studies, then you may be able to get a student loan cancellation.

Lack of ability to benefit

When student loans are granted based on your ability to complete the course. If the school failed to properly tested your ability and you failed the test, then you are eligible for student loan cancellation.

Responsible for child and family service

If you are solely providing or supervising the provision of services to high risk children from low income families, then you may be eligible for student loan cancellation.

If you become an in-demand teacher

If you become a full time teacher at a low income school, the state's education agency can determine that you are eligible for student loan cancellation.

Invalid student loan application

If someone forged your signature on the student loan application, you may qualify for a student loan cancellation.

School fails to refund

If you school fails to pay a tuition refund under the state law, you may qualify for a partial student loan cancellation.

Death

If you die and still have not paid off your student loan, your student loan will be cancelled.