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If in case of death or total and permanent disability of the student Stafford Loans are completely forgiven.

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Q: If a student dies are the Stafford debts forgiven or passed on to the family?
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Taking Out A Subsidized Stafford Loan?

Without a doubt, students should take subsidized Stafford loans when the opportunity is available. These loans are preferable over any other product because the federal government pays the interest charges while a student attends school. No other program or loan offers such a great feature either. Such loans offer a great interest rate for when students need to repay the funds too. With that in mind, this option should not be passed upon for any reason.


When is astudent loan forgiven?

A law was passed in 1998 that has made it even more difficult to discharge a student loan in bankruptcy. It is incredibly difficult to discharge a loan in this way, and the only approach is to convince a court that repaying the loan would create a severe hardship for you. Otherwise there are options to research into getting your loan payments postponed and/or deferred.


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