Getting a college education is steadily becoming more expensive which is the reason why more and more students end up taking college loans. The problem is, after graduation, borrowers don't always have the means to pay for these loans.

There are instances when student loan repayment is not possible even though there is normally a grace period of up to six months. Are there any means of repayment available in these cases?

One good alternative is applying for college loan forgiveness. This way, a borrower's debt can be partially or fully discharged. Such programs are available to people with certain professions including doctors, nurses, lawyers, teachers, etc.

Instead of worrying about which student loan repayment plans to choose, teachers can have their loans forgiven by working schools located in low income communities. If the borrower has taken a Perkins Loan, the school or college attended must be contacted for details about debt forgiveness.

Medical professionals are also qualified as long as they work full time in underserved areas where there is a shortage of medical personnel. The government also sponsors some medical researches and if the borrower happens to be a part of the research team, there is a good chance that the government will offer to repay his debts. How about graduates of other fields?

There are volunteer programs leading to loan forgiveness sponsored by the Peace Corps or Americorps that borrowers can avail of. Peace Corps volunteers who render one full year of service can have 15 percent of their remaining balance canceled. Americorps volunteers who render one year of service are granted a $5000 education award which can be used to pay off part of a college loan.

You can make some research about available loan forgiveness programs that you can avail of in case student loan repayment plans don't work for you. The best place to start your search is online. read more loan repayments