How Not to Pay Back Your Student Loan

Is there ever an opportunity you will not have to pay back your student loans? The answer's : YES!
Depending on the kind of student loan you have and when you got it, you could be ready to cancel all or a little of your loan under one of the following circumstances:

* The previous student for whom the loan was taken has kicked the bucket.
* You become totally and permanently disabled.
* Your school closed before you might complete your program of study.
* Your college falsely certified that you were suitable for a student loan.
* You left school and were entitled to a refund but never received the money.
* You teach in a Dep. of Education-approved college serving low-income students or in delegated teacher shortage areas ( other kinds of teacher cancellations are available for Perkins loans ).
* You serve in the U.S. Military ( partial cancellation for Perkins loans only).
* You're a full time employee of a public or nonprofit agency providing services to low-income, high-risk children and their families ( Perkins loans only).
* You're a full-time nurse or medical technician ( Perkins loans only).
* You're a full-time law enforcement or corrections officer ( Perkins loans only).
* You're a full-time staff member in a Head Start program ( Perkins loans only).
* You are a Peace Corps or VISTA volunteer ( Perkins loans only ) .

These circumstances apply especially to federally subsidized student loans. Other banks may extend the same pleasantness to you if you debate it with them. They are not required to do so, but asking does not hurt.

Keep in mind that should the circumstances above change, you may be asked to reimburse your loan. Find out previously what the exact conditions of the loan forgiveness entails. Doing so will help lessen any surptises in the future.