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:
- 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.
- 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.
- 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.
- Become a Soldier
If you are willing to join the military, different branches have programs to help you get out of debt.
- 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
Kimmy Burgess is the Manager of Cash in a Snap, which helps clients get connected to its large network of reputed lenders to get a same day cash advance when they need it most. Kimmy has over 20+ years’ experience in Administrative Management, with many years in the lending industry. Her expertise includes customer service, client services and other functions in the payday lending business. She has also spent time in the mortgage industry prior to her move into the payday lending field.