Student loans usually get initiated by the government to help facilitate the studies of the few qualified individuals who do not have the kind of financial backing that may help see them through college or university. Many governments offer students with loans that are due for payment once an individual secures meaningful employment six months after graduating.
However, many people who took student loans do not seem to honor such an agreement. They choose to default repayment causing education institutions a lot of headache due to a shortage of money to finance other younger students. It is in such an instance that the government steps in to help retrieve the money. Stiff penalties get usually imposed on defaulters who intentionally decide that repaying the student loan is not within their budgetary allocation.
Student Navient loan forgiveness begins when it gets determined that a loan was secured in your name using a false identity. Thus, you get protected from financial losses that would otherwise strain your estate even more. It is not strange for you to find that you enrolled in school but got falsely certified. Since you did not reap the full benefits of your education, you become eligible for discharge.
At times, you become eligible for student loan forgiveness processing when you discover that your school signed and endorsed the loan using your name and without your approval. In such a case, the school is to blame for transacting without your authorization.
Also, you are eligible for student loan forgiveness when it gets determined that your academia got certified in a particular school, but you cannot repay the loan due to health complications or if you happen to get barred from employment due to a past criminal offense. When you die, you get exempted from any student loan repayment. That means that your loan is forgiven, protecting your next of kin from settling debts he never owed the state in the first place.
Life is full of surprises. Sometimes you have plenty, and at times you are lacking. There comes the point in life when your financial situation worsens, making you bankrupt. Since you cannot afford many things, the state has no other choice other than to discharge you from any repayment obligations. Although getting bankrupt is a rare occurrence, some people have led themselves to such a life. In principle, many scenarios might make you eligible for student loan forgiveness. However, the ones mentioned earlier are the most common.
Check out http://en.wikipedia.org/wiki/Forgiveness for more info.