How do I get my student loans waived for teaching English abroad?
I will be teacing English in Spain this fall andI heard that student loan debt can be waived if the recipient has taught English abroad. I don’t know if it’s true, but if it is, I want to know what to do.
No, that’s not true. All loans received under programs authorized by Title IV, of the Higher Education Act can be canceled for several different circumstances including: (1) in the event of your death; or (2) if you become totally and permanently disabled after the loan is disbursed.
In addition, some loan types may qualify for loan discharge under a variety of conditions. Some of the most common cancellation provisions are listed for you below:
* the school you attended improperly certified your ability to benefit from the training given.
* the school you attended closed while you were in attendance or within 90 days after you withdrew from the school.
* A National Defense Student Loan can be canceled in 2 additional circumstances: (1) full-time teaching and (2) military service.
* Finally, your obligation to repay your loan may be discharged in bankruptcy.
