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Check with the school to see how refund policies apply to federal aid at the school.Only the amount of the unpaid refund will be discharged.Mark Zandi, chief economist at Moody's Analytics, argues that government loans and subsidies are not particularly cost-effective for taxpayers because "universities and colleges just raise their tuition.
How do I find out if I qualify and how do I apply to have my loan forgiven, canceled, or discharged? Common Questions I was very young when I borrowed this money. I signed the You must repay your loans even if you don’t complete your education, can’t find a job related to your program of study, or are unhappy with the education you paid for with your loan.Comments or Suggestions (Note that we are looking for ways to improve the functionality of the NODIS library, so please limit all entries to suggestions or comments about the system, not requests).Teachers have one of the lowest-paid professional jobs in the U. You need a bachelor's degree, which can be costly — an equation that often means a lot of student loans."And they're not going to be able to get off the hook." It's not just young adults who are saddled."Parents and the federal government shoulder a substantial part of the postsecondary education bill," said a new report by the Federal Reserve Bank of New York.