I have a student loan which is going to take a long time to pay off. Isn't there a program to forgive your loan if you work somewhere? I heard something like that but I am not sure and if anyone could get me information on this I would really, really appreciate the effort in helping me out.
2006-09-02 20:04:09 · 2 answers · asked by peaches and cream 2 in Education & Reference ➔ Financial Aid
This answer depends on two things:
1) the types of loans
2) the area you are working in.
Stafford loans have a forgiveness program for teachers and may have others. If you are a teacher in an area of need, you can have $1000 per year of your indebtedness forgiven for each year of service for up to five years (or a total of $5000).
Perkins loans have a 100% forgiveness program. For teachers in areas of critical need, 1/5 of the total Perkins indebtedness can be forgiven for each year of service for up to five years.
Check out Student Aid on the Web for more information.
2006-09-03 08:31:50 · answer #1 · answered by Merries 3 · 0⤊ 0⤋
try google or ask.com
2006-09-02 20:48:08 · answer #2 · answered by http://hogshead.pokerknave.com/ 6 · 0⤊ 0⤋