Student Loan

Forgiveness

Programs PayMyStudentLoans.com

What is a Student Loan

Forgiveness Program?

Federally or State run program to

incentivize graduates to enter certain

fields

Offer funding in return for working in

certain fields

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What Programs Exist?

Public Service

TEACH Teacher

Healthcare

Armed Forces

Volunteer (Americorps, VISTA, Peace Corps)

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Public Service

Public Service

New in 2007

Applies to federal loans

Cant be in default

Must be in public service

http://www.nslds.ed.gov/nslds_SA/

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TEACH Forgiveness

For teachers teaching 5 years in lower

income schools

On average debt is paid off after 5 years

http://studentaid.ed.gov/repay-

loans/forgiveness-cancellation/charts/teac

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Volunteer

(Americorps, VISTA, Peace Corps)

Americorps – offers up to $12k/year

Commitment to volunteering post

graduation

http://www.americorps.gov/

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Healthcare National Health Services Corps Loan Repayment Program

provides forgiveness up to fifty thousand dollars after two years of service in a health professional shortage work field area

General Practitioner (Allopathic and Osteopathic Physicians),

Psychiatric Nurse,Primary Care Nurse Practitioner or Certified Midwife,Licensed Psychologist,Licensed Marriage and Family Therapist or Professional Counselor,Dentist or Dental Hygienist,Primary Care Physician Assistant, and or Licensed Clinical Social Worker

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Armed Forces

33% of your loan amount yearly

$65,000 dollars maximum

www.military.com

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Learn More

Learn more about how to apply at…

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paymystudentloans.com/student-loan-forgiveness-program/