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How does student loan forgiveness work?

Updated: 9/17/2019
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10y ago

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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.

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10y ago
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Q: How does student loan forgiveness work?
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What is student loan forgiveness?

Student Loan Forgiveness is when a student can't pay a loan that he owes and so the government has money to pay for that loan if he/she is unable to make the payments on it.


Where can I find more information on student loan forgiveness?

Looking though the internet I found that the student loan forgiveness is supported by President Obama there are no programs that forgives the complete loan. If you are a teacher and need the student loan forgiveness you can access to the U.S.Department of Education and there will be more information.


Is Student Loan Forgiveness real?

There are many programs which offer student loan forgiveness. These often involve working in government positions in underserved communities.


What is meant by loan forgiveness?

If an individual has all the charges of their student loan cancelled out by the government, that is considered "loan forgiveness". This was started in 2012


Can you have student loans forgiven?

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.


What are the terms of student loan forgiveness?

To go about getting a student loan forgiveness, I suggest talking to whoever runs the student loans at your university or college. Just try and get them to cut your student loan down a bit. Check out this website for more details: http://www.loansavers.org/qa-how-do-i-go-about-getting-forgiveness-for-my-student-loans-by-teaching-in-a-high-needs-school-2778.html


How does Federal student loan forgiveness work?

You can go to the Department of Education web site and research the information you are requesting


Where can one go to get help with student loan debt relief?

To get student loan relief an individual should research information on the Student Loan Forgiveness Act.


can you have studnet loans forgiven?

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.


How can one get loan forgiveness for student loans?

One can get a loan forgiveness for a student loans by visiting an employment center where they will help one pay of their loans or pay the entire amount them selves.


How does loan forgiveness work?

Loan forgiveness information can be found on your local government website. They have all the tips you need and who qualifies for loan forgiveness programs.


What is the student loan forgiveness act?

You can learn more about the Student loan forgiveness act at "www.loansafe.org", as well as many news websites such as cnn.com using the keywords "loan forgiveness act". The act was forged in an attempt to ease the financial burden of graduates in order to help boost the economy.