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You're basically asking for tips on how to commit fraud.

You're not very clever. Don't try it.

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Q: Do student loan lenders verify you are only using the funds for schoolliving expenses not to pay off debts If so how?
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How do you qualify for a student loan with a fixed rate?

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College Loan Forgiveness?

If you are about to graduate from college or have recently graduated from college, you may be wondering how you will pay back your student loans. While you do have some options regarding your student loan repayment, you should look into having your student loans forgiven before you try any other avenues.Do Your HomeworkThe first step you should take is to read through all of the paperwork you have from your lenders. This includes copies of paperwork you signed while you were a student, paperwork that was sent to you from your lender, and any online correspondences you have from your lender. You should specifically look for any information regarding loan forgiveness and how to qualify. Each lender has different requirement for forgiveness, and you need to know if your lender even offers loan forgiveness as an option.Contact Your LenderContact your lender directly to see if you qualify to have your loans forgiven. For example, some lenders will forgive your student loans if you teach in a hard-to-staff or low income school while other lenders will forgive student loans if you work in fields of public service. Also, some lenders will forgive the entire loan amount by forgiving a percentage of your loan each year you are employed while other lenders will forgive up to a certain amount after five years of employment in a specific field. You will have to contact your lender to find out the exact details.Sending in PaperworkTo apply for college loan forgiveness, you will have to fill out paperwork to send to your lender. Most lenders also require you to have forms filled out by your employer, which verify your employment status and position. In fact, you will probably have to continue filling out additional paperwork each year until the entire loan amount is forgiven. The lender has to have documentation each year proving that you still qualify for forgiveness until the loan is forgiven or paid in full.College loan forgiveness programs are wonderful because you don't have to pay back the money you borrowed. One tip to keep in mind is that some lenders will not forgive your loans if you have already consolidated your loans. Check with your lender to be sure.


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