Under special circumstances a borrower can get a loan discharged or be given loan forgiveness. Volunteer organizations, such as the Peace Corps and AmeriCorps, work with borrowers to get their loans cancelled in part or in total through loan forgiveness. Through volunteer work, military service, as well as teaching or practicing medicine in certain communities, a borrower can essentially work off their loan debt. With a loan discharge the loan is essentially cancelled or could be reduced.
However, there are only a few circumstances when this option is available which include; bankruptcy, death of the student for whom the loan was taken out, if the loan was falsely certified by a school, the student becomes totally and permanently disabled, the college the student was attending closed, and there are also loan discharge options specifically for teachers and military armed forces personnel.
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