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Did you know that there are numerous programs around which will actually repay any a part of your college loans? Education loan forgiveness isn't a myth. A number of these programs aren't widely advertised and many people who are eligible don't even realize that they qualify to possess thousands of dollars wiped off 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 by having an outstanding FFEL or Direct loan balance on or after October 1998 be eligible for a $5,000 price of college loan repayment after 5 consecutive many years of service. Education loan forgiveness in the increased amount of $17,500 can be obtained to qualified borrowers who teach full time in the field of mathematics or science at an eligible secondary school or who provide special education to students with disabilities.

Education loan Forgiveness for Non-Profit Child or Family Services Agency Employees
In order to attract and retain more highly trained early childcare professionals, the federal government has developed programs to forgive as much as 100% of the college loan balance for individuals at eligible centers. To qualify for this education loan forgiveness program, borrowers must hold a degree in early childhood education and work full-time for just two years at a qualified facility where at least 70% from the children receiving care originate from families that earn under 85% of the state median household income. To find out more, call the kid Care Provider Loan Forgiveness support staff at 1-888-562-7002.

Student Loan Forgiveness for Police
Protect and serve the city and also the government is going to do exactly the same for the budget by repaying your college loans for you. Full-time law enforcement or correction officers are eligible to have their loans repaid by the government at a rate of 15%per year for that first 2 years of service, 20% for the 3rd and 4th year, and 30% for their 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 medical care. The nation's Heath Services Corps will repay as much as $35,000 each year and services information for qualified individuals. The Nursing Education Loan Repayment Program (NELRP) repays as much as 60% of the college loan balance for those who serve at least 24 months in critical shortage facilities.

Education loan Forgiveness for Armed Forces
The government shows their appreciation of those that serve and protect with a variety of education loan forgiveness programs for that military. The Military Forgiveness Program takes care of up to $2,500 attending college loan debt to borrowers who served between September 11th 2001 and June 30, 2006. The nation's Guard offers its very own education loan forgiveness program, paying down up to $10,000 price of college loan debt for each qualified person. For more information call 1-800-GO-GUARD.

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

Student Loan Forgiveness for Jump Staff
Those who volunteer for his or her state's Jump program not only 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 of service up to 100% from the balance.

Student Loan Forgiveness for Providers of Intervention Services for that Disabled
The government pays your Perkins loan entirely should you provide full-time services designed to aid disabled infants or toddlers who have physical, cognitive, communicative, social, emotional, or adaptive needs. Qualified programs can operate from an in-home setting and out facility supplying the program conforms towards the requirements of the Individuals with Disabilities Education Act. To learn more about his education loan forgiveness program, speak to your loan provider.

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Find More Resources that provide Education loan Forgiveness Programs
Even more programs exist in the state or county government level or through industry-specific organizations. Inquire using the recruiting department of the employer or groups that you volunteer for or are considering joining. Be sure to bookmark this site of resources or pass it along to a friend or colleague. You may just find a way to save or somebody a few thousand dollars!

Posted Dec 23, 2012 at 6:27pm