Even when your intentions are good, a lot can go wrong in life.
Understand how loan cancellation provisions can help you…
Federal student loans offer several loan cancellation provisions for the following reasons:
Closed School Discharge-Your college closes while you were attending, or 90 days after withdrawal.
Unpaid Refund-If you withdrew and the college owed you or the lender a refund, but never returned the funds to the lender.
False Certification Discharge-Improper certification of the ability to benefit from college or for victims of identity theft.
Death Discharge-If the borrower (parent), or student for whom the parent borrowed a Parent PLUS loan dies.