Loan Forgiveness programs

Can someone give more information regarding what careers can enter into the loan forgiveness program for community service work? I know that teachers, doctors, lawyers, social service, workers, childcare workers are all included.

But within the legal field it also says lawyer's and other's with in this field. What other type of careers would this include. (Criminal Justice, Paralegal) In what circumstances would they be elgible? Not a whole lot of specific information there.

What about childcare? Is it difficult to be eligible for this?

While I was researching I found that veterans are eligible if they are totally disabled:

Translation: If you send a copy of your VA letter of determination (ie, rating letter) stating you are unemployable (IU) or 100% permanently disabled, you do NOT need a physician’s signature and you do NOT need to wait 3 years for your approval. Your federal student loans, regardless of how old they are, will be FORGIVEN IN FULL.

Volunteering for Vista or Peace Corp is also part of the program.

People who are totally permanently disabled can get their loans forgiven in some situations with a doctor's consent form. However, you might have to pay taxes on the forgiven amount.

Another bit of information I came across was that if you have a certain degree of developmental delay or ID you can be elgible for a special type of federal grant.

Please add to this information... Is there other types of student loan forgiveness... The community service loan forgiveness I really couldn't find any specific or detailed information. Can it be any type of career in which you are in a position to help others?

Thanks
DJ

 

So you are looking for a way to borrow money for school and not have to pay it back? That would mean that the rest of us will have to pay for your education in the form of taxes. Don't be surprised if you don't find much support.

 

Actually, I am planning to pay the rest of my educate myself and not take out student loans. For myself I wouldn't be elgible for any of these programs anyhow, however I thought this information might be helpful to others who didn't know that these programs were available. Actually, I found information saying that that many people who are eligible aren't using these programs because they aren't aware of them.

DJ

 

I believe there is a program that if you work either in the public sector/non-profit/military for 10 years then your loans are forgiven. I believe that only counts towards public loans. If needed, I can track down the link.

 

That seems a pretty harsh reply to someone who appears to be looking for information about an actual program.

DJ: Below is the USDoE page on Public Service Loan Forgiveness. From quickly skimming the page, it seems like what particular job you perform is not as important as what type of organization you are employed by. Do note that you must make 10 years of payments before your loans are eligible to be forgiven.

Student Aid on the Web

 

Actually there is a program that I used it. It is called, "Work for your dollars." I joined the Marine Corps after high school because I did not want to have $200,000.00 student loans with a liberal art degree. I completed my undergraduate degree awhile on active duty (the majority tuition and fees from the Department of Defense); while agreed to serve my country with little pay. I also invested $1,800.00 into the GI Bill, and served honorably to eligible for MGI Bill/Post 9/11 GI Bill. I paid a little out of my pocket, while my post military employers paid some. All my three degrees combine with over $100,000.00, and I have zero student loan.

I did not take our any student loan or received pell grant; and I do not whine to the American Taxpayers to forgive my student loan debts.

 

In all fairness, everyone isn't cut out for the military.

 

That is a good thing.

On a side note, I remember looking at the Public Service Loan Forgiveness Program when my wife started working at an eligible job and not really seeing the point since the payoff timeframe for her loan was ten years which meant that it really wasn't a useful program. How long do people take to pay off their loans? Are there any legitimate stats out there regarding this?

 

Don't be a jackass.

While I agree with your sentiment in general, it's no surprise that forgiveness programs exist to get people into low salary or high risk careers. If you choose not to take advantage of them because your career doesn't align well with one of them, that doesn't make the programs wrong or the people proactively looking to take advantage of them inappropriate.

 

I apologize. I thought you were looking for a way to cheat the system. My mistake.

 

Please refrain from name calling and personal insults. I'm referring to someone taking out loans with the full intention of not paying them back. If that's the case, it is not acceptable and becomes a burden on taxpayers. That sentiment does not make me a jackass.

 

Teaching offers plenty of loan forgiveness programs. Also cybersecurity/information assurance majors can get loan forgiveness easily. The federal government even offers a few programs to pay your college tuition in full if you go work for them after college for a certain amount of time. Americorps also offers a loan forgiveness program in exchange for work. Other than that you might consider tuition reimbursement programs at your place of employment.