Eliminate Your Student Loans with 5 Forgiveness Programs

You may be able to get some, or all, of your student loans taken care of through a student loan forgiveness program.

Start by checking with your current employers to see if they offer any assistance. Outside of employers, there are a number of organizations and program that can help you with reduce or eliminate your student loan debt.

Here is a list of 5 student loans forgiveness program:

1. Become a Teacher For teachers who have a full-time job that have a Perkins loan, you can get some of your debt forgiven. Teachers who work in an elementary, middle school, or high school qualify. The longer you have worked, the more debt they can forgive.Check with your school board to see if your school qualifies under the National Defense Education Act. Also, check with your state government to see if they have programs that help their teachers.


2. Become a Doctor or a Medical Professional The medical profession is notoriously expensive when it comes to education.There are a number of programs to help you get out of debt, such as the following: The National Health Service Corps Loan repayment Program will help pay for up to $50,000 for doctors who are willing to volunteer at a clinic for up to two years. Anyone in the medical profession with a medical degree can qualify to have their student loans forgiven under a program sponsored by the Association of American Medical Colleges.


3. Become a Lawyer Depending on where you went to school, Equal Justice Works may be able to help. They maintain a list of law schools that offer assistance in repaying the loan.If the school you attended is on the list, you can contact the financial aid department to find out what you need to do to join the program.


4. Become a Soldier If you are willing to join the military, different branches have programs to help you get out of debt.


5. Become a Volunteer Giving your time to organizations like the Peace Corps, VISTA, or AmeriCorps is a potential way to get your debt forgiven. In exchange for your time, these organizations can help you get up to 70% of your loans forgiven



 
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