It is only possible to cancel student loans without full repayment in very limited circumstances. This section discusses ways to cancel or discharge loans outside of bankruptcy. In rare cases, it is also possible to discharge student loans through bankruptcy.
Cancellation (also called “discharge”) is the most complete way to deal with a student loan. Discharge not only makes the loan obligation go away, but in most cases, the government must also give back any payments you have made (whether voluntarily or involuntarily) and help clean up your credit.
The main types of discharges for federal loans are:
Public Service Forgiveness
Teachers
Child Care Providers
Perkins Loan Programs
Military Service
Peace Corps and AmeriCorps
Private Programs
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