Postponing/Canceling Student Loan Payments

Home • Defaulting on a Student Loan • Postponing/Canceling Student Loan • Real Estate Glossary

If I really can't make my payments, is there anything I can do?

Fortunately, yes. Your options range from having your loan canceled, which means you will never have to pay it back (be warned: very hard to do!), to getting either a deferment or a forbearance. What you can or can't do depends on what kind of loan you have and the reason you cannot pay.

Under what circumstance can a student loan be canceled?

A student loan can be canceled if you are permanently disabled or die, or under certain other circumstances that also apply to deferment.

Read more about Student loans at Wikipedia.

top of page