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School Code:  002008


Frequently Asked Questions



Financial Aid Glossary


Federal Loan Discharge (Cancellation) Provisions

It is possible to have your student loan debt discharged (canceled) or reduced, but only under certain specific circumstances:

  • You die or become totally and permanently disabled.
  • Your school closed before you could complete your program.
  • For FFEL and Direct Stafford Loans only: Your school owes you a refund, forged your signature on a promissory note, or certified your loan even though you didn't have the ability to benefit from the coursework.
  • You work in certain designated public school service professions (including teaching in a low-income school).
  • You file for bankruptcy. (This cancellation is rare and occurs only if a bankruptcy court rules that repayment would cause undue hardship.)

Discharge provisions differ depending on whether you have a Federal Perkins Loan, a Federal Stafford Loan, or a Federal PLUS Loan. For more specifics on discharges, click here.

Loan cancellation and forgiveness forms may be obtained on the USAFunds website.