Options may reduce your student loan burden
Cancellation
You can return some or all of your
loan if you don't need it. Talk to your school or lender about
canceling or reducing your loan. Your whole student loan may be
forgiven if you die, become totally and permanently disabled, your
school closes before you finish your program, your school falsely
certifies your loan, or you are a victim of identity theft. Part of your loan
may be forgiven if you are a full-time teacher or your
school does not make a refund you're owed to your
lender.
Bankruptcy
If you file for bankruptcy, you must
repay your student loan unless you can prove undue hardship in an
adversary proceeding before the bankruptcy court.
