student loan forgiveness is an extremely attractive concept. Many students take out a lot of student loans in college. There can be many reasons to do so. Some think this is the only way to fund college. For others they do not really understand the ramifications of taking out student loans. For still others, they believe that their college education will enable them to easily pay off the loans later.

Unfortunately student loan debt easily spirals out of control. Student loan debt can actually result in people living below the poverty line. This can happen even if they have a good job.

This is not the goal for student loans. Many lenders try to help with programs that help borrowers pay off student loan debt. There are likely stringent requirements with these programs. If you meet them though, you may be eligible for student loan forgiveness.

Here are a few of the common criteria for student loan forgiveness programs:

* • Working in a job that qualifies as public service - If you work in a public service job like teaching, protecting the community or serving in a non-profit organization, you may qualify for forgiveness. It is crucial that you document each year of your service carefully.

* • Attending a college or university that is now defunct - Colleges that do not provide adequate education may be required to repay your loans for you. An invalid degree or unaccredited learning institution can result in a shot at student loan forgiveness. Beware of online school opportunities as these could lead to potential trouble down the road.

* • Admission to a college or university when you did not qualify - Colleges that admit unqualified applicants can be responsible for student loans. Of course you will be the one that must prove your lack of qualifications.

* Serious and long term participation in programs designed to help with student loan debt - If you honestly try to make your payments and can document it, then you may qualify for additional aid.

Of course it is dishonest to take out loans with no intention to repay. However, sometimes the unforeseeable happens. If your student loan debt is too much to handle you should definitely look into student loan forgiveness.

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