Even death isn't a good enough excuse for discharging some private loan debts.

Public service workers, such as teachers, nurses and military members, will see their loan debt erased after 10 years.

This entering class will finish college with more loan debt than any in history.

The average undergraduate loan debt for 2006 graduates was $21,633, an amount lower than the national average for graduates of private institutions.

In contrast to credit card debt, which often can be discharged through bankruptcy proceedings, this option is not generally available for educational loan debt.

In 2010 student loan debt surpassed 'Credit Card' debt.

But is it the right option for every graduating student with loan debt?

Most of this loan debt was held in securitized portfolios that had been sold to other entities such as insurance companies and pension funds.

Locals around the country are already involved in several campus issues from rising tuition, loan debt, jobs, and many other issues.

For some lending, the interest was capitalised into the loan debt, so borrowers did not have to immediately fund interest payments.