Student Loan Cancellation 911

Posted by Judy Anne Cavey on Aug 1, 2011 in , , | No Comments

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.