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April 24, 2003 :: Online Chat Could Make Student Loans Go Away

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People who are currently in the process of paying back their college student loans may be surprised to know that their student loans could be forgiven, cancelled or even discharged under certain circumstances.

To help students and their families understand loan forgiveness, the Mapping Your Future Web site will be offering an online chat session on this topic at 6 p.m. May 6.

During the chat session, financial aid experts from across the nation will share information about the Stafford and Perkins loan forgiveness programs, including how to determine eligibility for loan forgiveness and how to apply for loan forgiveness. They will also provide useful information on how to pay for college as well as answer other general financial aid questions.

Anyone with Internet access can join the chat by visiting the Mapping Your Future Web site at www.mapping-your-future.org. Once on the site, simple instructions will then show the participants how to join the discussion. The site will also allow users to register online for advance notification of future chat sessions.

Topics and dates for upcoming chat sessions during the summer months include loan consolidation June 10, online and distance education July 8 and college admissions and standardized tests Aug. 5.

The Mapping Your Future Web site is sponsored by the Oklahoma Guaranteed Student Loan Program (OGSLP) and guaranty agencies in other states that participate in the Federal Family Education Loan Program. In Oklahoma, loans for higher education or post-secondary education made to students by private or public lending institutions are guaranteed by the federal government through the OGSLP, which is administered by the Oklahoma State Regents for Higher Education.