June 1, 2007, Newsletter Issue #19: Student Loan Forgiveness

Tip of the Week

Occasionally, circumstances may put you in a position to have your student loans forgiven. However, this is not a common occurrence and is only allowed when you meet certain criteria. While some students may think that you only have to pay back a student loan if you complete a degree, that is just not the case. If you donít like your school or the program you chose to pursue, you are still liable for any student loan debt that you accrue. You are also in the same boat if you are unable to find a job after graduation. While there may be some options provided by your lender based on your circumstances, you will still be required to make payments on any student loan you received to help you pay for your educational expenses.

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