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Yes, both government and private loan companies have student loan forgiveness programs. You must meet their requirements in order to be eligible for them which includes but is not limited to military service, volunteer work, or any other task specified in the particular Student Loan Forgiveness Program you are applying for.
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Are student loans forgiven after age 60?
Are student loans forgiven at age 60? Are student loans forgiven at age 60?
Can you be forgiven of student loans if your school closes?
No, your student loans will not be forgiven because your school closes.
If you have outstanding student loans and die is the estate charged for the student loans?
Actually, that's not true - student loans are forgiven when the student dies.
If a student dies are the Stafford debts forgiven or passed on to the family?
If in case of death or total and permanent disability of the student Stafford Loans are completely forgiven.
Is it true that divorced single parents are able to have their student loans forgiven and also receive extra money for child care?
The only Federal Loan Forgiveness information that I am aware of is as follows: If you die your loans are forgiven If you become perm. disabled your loans are forgiven
Your father died and you have student loans outstanding Can you be relieved of this debt?
Let me start by sending my condolences for the loss of your father. If the student loans were taken out by your father as PLUS loans, then the loans will be forgiven by the government. If you took out the student loans under your SS#, then you still have to pay on the loans, even if your father cosigned on them.
Are student loans forgiven if you receive SSI?
No, but SSI isn't exempt from garnishment for student loans. In some instances federally funded student loans can be forgiven if the borrower becomes mentally and/or physically impaired to the point where he or she will never have sufficient ability to work and if a doctor will sign off on the disability. Edit: SSI CAN be garnished for federal student loans. This was part of the Debt Collection Improvement Act of 1996. Edited wording for total and permanent disability qualifications.
Can I have my student loans forgiven if I am still accumulating more by continuing my education?
There are cases in which you can defer your student loans. To see if you will qualify you can start here for more information: http://www2.ed.gov/offices/OSFAP/DCS/perkins.deferment.cancellation.html
How long are federal student loans take before they are forgiven?
I don't think they're ever forgiven. I know they're one of the special categories of debt that isn't discharged by bankruptcy.
Can student loans be forgiven if you are working with the homeless and DOC clients as an outreach and substance abuse counselor?
Generally, no. You're not a teacher, a childcare worker, or a military service-member. Actually, some student loans are forgiven if you work in certain jobs with certain populations. My Perkins loans were forgiven because I was employed as a program manager in a family homeless shelter. This was a federal forgiveness program. My husband worked as a public school teacher with disabled children and had an opportunity to have some of his student loans forgiven under a program run by the State of Florida. Loan forgiveness can be worth thousands of dollars so it is worth it to check with your lender to find out if there are any programs that suit your situation.
How can I apply for student loan forgiveness?
There are a few ways you can get your student loans forgiven. If you join the military or peace corps, the government may forgive most or all of your student loans. Also, there is a national program for teachers who work in rural areas which involves forgiving student loan debt.
How does student loan forgiveness work?
Student loan forgiveness is forgiven if one doesn't have any money at all to pay of the loans. This doesn't happen often but some companies forgive the loans when it is proven in court that one cant pay the loan.
