If you need financial assistance to attend Maricopa Community Colleges, you may be eligible for scholarships and student loans. Generally, the Excess Proceeds first go to junior voluntary lienholders and then to the homeowner whose home was foreclosed.To be eligible for loan forgiveness and the Borrower's indebtedness to the State discharged the Borrower must: a. This is a template letter to your creditors requesting that they forgive your debt and write it off for compassionate reasons. You have 20 days to respond to a debt lawsuit in Arizona. • Targeted and BOOST Borrowers eligible for Additional Assistance.