The concept of [1] student loan forgiveness can be quite appealing. It is quite typical for students to take out loans in college. There can be many reasons to do so. Some cannot find other sources of funds. Others did not get the ramifications that they accrued by taking out student loans. Many are under the impression that a college education equals easy repayment.

Sadly student loans easily spiral out of control. People actually live below the poverty line for years because of their student loan debt. This can even be a problem for people who have good jobs.

Clearly this is never the intent for student loans. Many lenders actually develop programs to help borrowers pay off student loan debt. There may be stringent requirements with these programs. But meeting them may make you eligible for student loan forgiveness.

These are some common criteria for student loan forgiveness programs:

* A job that is public service - Jobs that involve non-profit work, teaching and community protection may qualify. Always document each year of service meticulously.

* Getting a degree without value from a defunct college - Colleges that do not fulfill their obligations may have to repay your loans. Invalid degrees can give you a shot at student loan forgiveness.

* Admission to a school that you could not benefit from - Colleges that admit unqualified applicants can be responsible for student loans. Of course you will have to prove that you were not qualified.

* Honest and dedicated participation in programs intended to help people in student loan debt - Good faith attempts to repay often result in qualification for additional aid.

Naturally you should not ever take out loans that you will not repay. It has to be admitted though that sometimes unforeseen things happen. If you cannot handle your student loan debt then you should definitely consider student loan forgiveness.