FAQs on Student Loan Cancellation

Understanding Loan Cancellation, Forgiveness and Discharge FAQs on student loan cancellation provides forgiveness, cancellation or discharge of your loan, which means that you are no longer required to repay. The following are FAQs (Frequently Asked Questions) that I commonly receive regarding student loan cancellation. My article Student Loan Forgiveness, while providing some general information about student loan forgiveness, only scratch the surface of how to get student loan forgiveness, cancellation and discharge. Differences Between Forgiveness, Cancellation, and Discharge The terms forgiveness, cancellation, and discharge mean nearly the same thing, but they’re used in different ways. If you’re no longer required to make payments on your loans due to your job, this is generally called forgiveness or cancellation. If you’re no longer required to make payments on your loans due to other circumstances, such as a total and permanent disability or the closure of the school where you received your loans, this … Continue reading FAQs on Student Loan Cancellation