The federal government will cancel all or part of an educational loan under certain conditions. This benefit is available provided the borrower has not defaulted on his or her loan. Student loan cancellation is also called loan forgiveness.
Education loans may be cancelled when a borrower undertakes volunteer work.
Volunteers in Service to America (VISTA) members serve private, nonprofit, public interest groups that work to eradicate poverty, illiteracy, homelessness, and hunger. If a volunteer provides 1,700 hours of service, he or she receives $4,725 toward educational loans.
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