A Career That Qualifies You for Student Loan Forgiveness
Student loan debt can be stifling. If you are a teacher or work in the healthcare industry, assistance can be provided in the form of little-known loan forgiveness programs. If this is you, here are some details.
Teachers can apply to participate in the federal teacher loan forgiveness program and may be eligible for debt forgiveness up to $ 17,500. In return, you must have worked for 5 consecutive academic years in a school for low-income families. For some teachers, you may already be employed at the relevant school, so it should be easy to apply for the program.
If you work in the healthcare industry as a doctor, dentist, or clinician, there is a Health Professional Loan Repayment Program that will pay you up to $ 50,000 in exchange for a two-year, paid commitment in an underserved area. The payment is not subject to federal tax and is made at the beginning of your service to help you pay off your student loan debt quickly.
More than a quarter of student loan debtors are eligible for federal aid, but only a small percentage use it, according to the Bureau of Consumer Financial Protection . To find out about other eligible careers, click on the link below.
5 Little Known Ways To Forgive A Student Loan | Credit.com
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