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Did you know that there are many programs around that will actually pay off any part of your college loans? Student loan forgiveness is not a myth. A number of these programs aren't widely advertised and most people who are eligible don't even understand that they qualify to possess thousands of dollars cancelled the total amount of their educational loans.

Education loan Forgiveness for Teachers
The Teacher Loan Forgiveness Program will repay up to $17,500 toward college loans for qualified teachers. Full-time teachers with an outstanding FFEL or Direct loan balance on or after October 1998 be eligible for a $5,000 worth of college loan repayment after 5 consecutive years of service. Student loan forgiveness in the increased amount of $17,500 can be obtained to qualified borrowers who teach full time in neuro-scientific mathematics or science in an eligible school or who provide special education to students with disabilities.

Education loan Forgiveness for Non-Profit Child or Family Services Agency Employees
In an effort to attract and retain better trained early childcare professionals, the us government is promoting programs to forgive as much as 100% of the college loan balance for individuals at eligible centers. To be eligible for a this education loan forgiveness program, borrowers must hold a degree when they are young education and work full-time for just two years at a qualified facility where a minimum of 70% from the children receiving care come from families that earn less than 85% of the state median household income. To find out more, call the Child Care Provider Loan Forgiveness support desk at 1-888-562-7002.

Education loan Forgiveness for Police
Protect and serve the community and the government is going to do the same for your budget by repaying your college loans for you. Full-time law enforcement or correction officers qualify to obtain their loans repaid by the government for a price of 15%per year for that first 2 years and services information, 20% for that 3rd and 4th year, and 30% for his or her fifth year.

Education loan Forgiveness for Nurses and Medical Technicians
Several generous student loan forgiveness programs are available for physicians and RN's who practice in areas that lack adequate health care. The nation's Heath Services Corps will repay up to $35,000 each year of service for qualified individuals. The Nursing Education Loan Repayment Program (NELRP) repays as much as 60% of your college loan balance for individuals who serve a minimum of 24 months in critical shortage facilities.

Student Loan Forgiveness for Armed Forces
The federal government shows their appreciation of those that serve and protect with a number of education loan forgiveness programs for the military. The Armed Forces Forgiveness Program pays off as much as $2,500 attending college loan debt to borrowers who served between September 11th 2001 and June 30, 2006. The National Guard offers its own student loan forgiveness program, paying down up to $10,000 price of college loan debt for each qualified person. To learn more call 1-800-GO-GUARD.

Education loan Forgiveness for Volunteer Work
Serving in the Peace Corps, Americorps, or Volunteers in Service to America (VISTA) all qualify you for college loan forgiveness programs in a variety of amounts. Peace Corps: Time spent volunteering for that Peace Corps pays in additional ways than good feelings. Volunteers receive 15% of the Stafford, Perkins, and Loan consolidations taken care of each year and services information up to 70% from the college loan amount. To explore this education loan forgiveness opportunity call 1-800-424-8580. Americorps, the domestic arm from the Peace Corps, awards volunteers $4,725 to use toward their outstanding college loans after one year and services information. To learn more call 1-800-942-2677. VISTA (Volunteers operating to America): Volunteer 1700 hours for just one of the numerous organizations across the country centered on eradicating hunger, homelessness, poverty, and illiteracy and also have as much as $4725 wiped off your college balance. To find out more call 1-800-942-2677.

Education loan Forgiveness for Jump Staff
Those who volunteer for his or her state's Head Start program not just help children from low income families get ready for kindergarten, they are also granted full or partial college loan forgiveness. Their state rewards its Head Start teachers and administrators by canceling 15% of the college loan balance for each year and services information as much as 100% from the balance.

Student Loan Forgiveness for Providers of Intervention Services for that Disabled
The government pays your Perkins loan in full if you provide full time services made to aid disabled infants or toddlers who've physical, cognitive, communicative, social, emotional, or adaptive needs. Qualified programs can operate from an in-home setting and out facility providing the program conforms to the requirements of the people with Disabilities Education Act. To explore his education loan forgiveness program, contact your loan provider.

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Find More Resources that provide Student Loan Forgiveness Programs
Even more programs exist in the state or county government level or through industry-specific organizations. Inquire with the human resources department of your employer or groups that you volunteer for or are thinking about joining. Make sure to bookmark this site of resources or pass it along to a friend or colleague. You might just try to save or someone you know a few thousand dollars!

Posted Dec 23, 2012 at 6:27pm