Student Loan Assistance Federal Student Loan Cancellation (Discharge) Your federal student loan may be discharged if: You die, or the death of the student in the case of a Parent PLUS loan. You become totally and permanently disabled. Your school closes before you finish your program. Your school falsely certifies your loan. You are the victim of identity theft. Part of your loan may be forgiven if you are a full-time teacher or your school does not make a refund you’re owed to your loan holder. Contact your loan holder for additional information. Should you discover that your federal student loan is delinquent, contact the Inceptia Outreach Team to visit with a trained counselor at 855.471.1615 to learn of repayment options to help you get back on-track.