One of the great things about a student loan is that it allows you obtain money for a college education.  However, it is not free money, you have to pay it back.  And when you finally get out of school, being straddled with a student loan can make it hard financially for several years until you get it paid off.  It would be great if you could just forget about paying the loan off and have your student loan forgiven?

Most of the time, it is not possible to have your student loan forgiven.  And whatever you do, do not default on your loan, because there is no statue of limitations on repaying a student loan.  Remember, the government is backing your loan, and the IRS can levy your tax refunds until the loan is recovered. 

Depending on what type of student loan you have and what your degree is, you may be able to get part, or even all, of your student loan forgiven.  The following are some of the ways you can accomplish this:

• Perform volunteer work
• Teach or practice medicine in certain communities
• Military service

Volunteer Work
If you elect to join the Peace Corps or AmeriCorps you may get a portion of your student loan forgiven. 

Military
If you are in the Army National Guard, check out their Student Loan Repayment Program.  You may

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