Student Loan Forgiveness Program. Here are special Loan forgiveness programs for students. Any student can have a piece of mind with the mentioned student Loan forgiveness programs. Students can reduce / get freed up from their loan amount, if they are proceeding within certain areas. The loan companies generally have a special privilege for the students if they choose a particular career.
Most of the graduates are unaware of such special scenarios. These programs can eliminate anywhere from a few thousand dollars to over 6 digits of student loans. You will be surprised to know that such programs receive very less number of applications because of the lack of awareness.
Anyways, let us focus on the different student loan forgiveness programs.
Student Loan Forgiveness Program
A student loan forgiveness program is a special oriented path that lets the graduates get the favour in context to their loan settlement if they opt to proceed with a particular areas like medical, nursing, teaching etc.
List of the programs for Student Loan Forgiveness
Student loan Forgiveness program for Teaching profession
The American federation of teachers database has a good information about the loan forgiveness. You can search their content in this link and you will find some good options that will help you to apply for the loan forgiveness.
The other best thing is that very few people opt to apply for loan forgiveness and hence the chances of your approval are high. Almost every genuine case gets an acknowledgement.
As per your country, you can go to your government website and search for the similar details.
Student loan forgiveness program for Medical profession
Medical Profession is other program where the special exception allows you to get forgiveness on your loan amount. Government facilitates the users to get the rebate on their education loan if they opt for medical profession.
Not only in USA, but in other countries as well, the government allows you to get exemption on student loan if you opt to serve the public in medical profession.
The Student loan forgiveness program for Nursing profession
Not only the doctors, but the nursing department can also enjoy the benefits of loan forgiveness. The application in this domain are the maximum as compared to the others, but still here also almost every genuine case fi acknowledged with a positive reply.
Lawyers profession program for student loan forgiveness
Not all countries give loan forgiveness to this domain. But Most lawyers graduate from law school shouldering a $150,000 debt burden on average. The American Bar Association offers strategies for loan repayment and loan forgiveness on the state and federal level.
With respect to your own country, you can check the official association and look for the same details.
The Public Service Loan Forgiveness Program.
It was created by an act of Congress in 2007, remains one of the best federal student loan forgiveness programs in existence.
The program offers complete federal forgiveness benefits in return for qualifying public service work.
The Other programs of loan forgiveness
- Public Service Loan Forgiveness (PSLF)
- Forgiveness with Income-Based Repayment (IBR)
- Forgiveness with Pay As You Earn (PAYE)
- Loan Forgiveness with Revised Pay As You Earn (REPAYE)
- Forgiveness with Income-Contingent Repayment (ICR)
- Federal Perkins Loan cancellation
- Student loan forgiveness for teachers
- Student loan forgiveness for nurses
- Loan repayment assistance for doctors and other health care professionals
- Loan repayment assistance for lawyers
- Student loan repayment assistance programs for other careers
- Military student loan forgiveness and assistance
- Student loan discharge for special circumstances
The above programs will get you loan forgiveness. I know the next thing you will google is the way to get it. But i recommend you not to do that. Most of the blogs will take you to the content which will give them commission. Rather i will suggest you to check the official government websites of your country. That will be having the details. Explore them, that will be good.
If you face any difficulties, you can reach me anytime. Drop me a comment or email me the details. I will get back to you soon. After all, it is your money. Finally you will have it.