Is there ever a chance you will not have to pay back your student loans? The answer is: YES!
Depending on the type of student loan you have and when you obtained it, you may be able to cancel all or a portion of your loan under one of the following circumstances:
* The former student for whom the loan was taken has died.
* You become totally and permanently disabled.
* Your school closed before you could complete your program of study.
* Your school falsely certified that you were eligible for a student loan.
* You left school and were entitled to a refund but never received the money.
* You teach in a Department of Education-approved school serving low-income students or in designated teacher shortage areas (other types 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).