please give examples of loan forgieness programs.?

Question

other options to pay back student loans

Answer 1

Utah has a loan forgiveness program, of a sort, for college students who become teachers. It's called the Terrel H. Bell. It's available for a total of 8 semesters. Once out of college, the person needs to teach for six months for each semester they used the TH Bell. If they do not, they have to pay back the semesters used.

Answer 2

Depends on the kind of loans and the state you may want to work in. If you have a perkin's loan there is a forgiveness program included; if you have this loan you probably already know that. Other state and federal programs may have forgiveness programs for teachers & nurses; usually in jobs that need employers. I know that some federal departments have loan forgiveness programs, such as the department of education; and some other private institutions may have their own programs. You just need to figure out what is available in your state and the kind of field or type of employer you will be working for and then do some searching

Answer 3

If you get employment in certain businesses/locations, portions of your student loans could possibly be forgiven. An example is teaching. If you work in certain low-income areas, loans might be forgiven. I live in California, and I know there are such programs in my state. http://www.staffordloan.com/repayment/forgiveness.php

to find out any programs in your state, do a google search by typing in your state's name instead of this: california student loan forgiveness

I also know that some universities want more professors, so if you take out loans for graduate studies, then go on to become a professor in your state, student loans can be forgiven that way, or a portion, thereof.

Answer 4

Stafford Loan forgiveness programs are pretty limited. Up to $5000 of your loans can be forgiven if you teach full time for 5 years in an eligible low-income school (https://www.tcli.ed.gov/CBSWebApp/tcli/TCLIPubSchoolSearch.jsp ) or in certain subject areas (usually those that the government defines as a "subject shortage area") -- for more information, see here: http://studentaid.ed.gov/PORTALSWebApp/students/english/cancelstaff.jsp?tab=repaying

You have a better chance of getting your Perkins Loans forgiven in full. There ar Perkins forgiveness/cancellation/discharge options for
* law enforcement/corrections officers
* a variety of teachers (http://studentaid.ed.gov/PORTALSWebApp/students/english/cancelperk.jsp?tab=repaying)
* military personnel
* those in Peace Corps/ACTION programs
* early intervention service providers
* nurses or medical technicians

There is a standard form for Stafford Loan cancellation. However, you will need to contact your Perkins loan holder (usually, your school) for information about their cancellation policies/options.

Answer 5

UJA give you interest free loans

Answer 6

I thought if you work in a school that doesn't bring money in five years.

LC