collegezone.com	Print page	Close window

	Forgiveness of non-Stafford loans You may have borrowed loans other than through the Federal Stafford Loan Program to help pay for your college education. For example, you might be a Federal PLUS loan, Federal Perkins loan or alternative loan borrower. Information regarding forgiveness of a Federal PLUS loan is located within the Borrowing Basics section of the Parent Zone. A Federal Perkins loan may be cancelled in part or whole under certain conditions. Loan cancellations, forgiveness or discharge is granted by the U.S. Department of Education. Some alternative loans have flexible repayment options. Each lender's policy is different, so check with the holder of your loan to determine what options are available to you.

© 2003-2007 Illinois Student Assistance Commission