15 Ways To Get Your Student Loans Forgiven
1) $4,725 to $7,400 To Help Pay Off Student Loans
If you're willing to devote a year of your life volunteering to help bring communities
and individuals out of poverty, your student loans could cease to exist. Americorps
will reward you with $4,725 to spend on your college debts, and a stipend of
up to $7,400 just for joining their volunteer program for one year. If you
successfully complete one full-time term of service you will be eligible for
an award of $4,725, complete one part-time term of service and you will be
eligible for an award of $2,363. If you are in a short-term program, such as
a summer program, you will be eligible for a "reduced part-time" award
-- usually $1,000 or less. For more information contact the Corporation for
National and Community Service Headquarters, 1201 New York Avenue, NW, Washington,
D.C. 20525 (202) 606-5000, http://www.americorps.org/. |
2) Pay Off $4,725 Of Your Student Loans Through Volunteer Work
Would you like to be free of those exasperating student loan hanging over your
head? By volunteering for worthwhile causes such as community development and
illiteracy in the United States you can eliminate a large portion of your student
loans. VISTA (Volunteers in Service to America) will pay off $4,725 of your
loans if you join in on their cause for at least 1,700 hours. Participants
are eligible to receive either an education award or end-of-service stipend
of $1,200. To learn more contact the Corporation for National and Community
Service Headquarters, 1201 New York Avenue, NW; Washington, D.C. 20525 (800)
942-2677 or visit their website at http://www.americorps.org/joining/benefits.html. |
3) Serve Your Country AND Slash $10,000 Off Your Student Loans
Be on your way to loan forgiveness and buff up at the same time!
If you join the Army Reserve or the National Guard after graduation,
you can receive up to $10,000 to pay off your student loans.
If you're the sort of person who doesn't mind the occasional
brush with death, ask to be stationed in areas of hostility and
you could get even more money! For more information contact the
United States Army Reserve Command (USARC), 1401 Deshler Street,
S.W., Fort McPherson, GA 30330-2000 (800) 359-8483, http://www4.army.mil/USAR/home/index.php. |
4) Receive $5000 To Help Pay Off Student Loans While Making A
Difference
If you are a teacher and have student loans you simply cannot afford,
this program is for you. The Federal Teacher Loan Forgiveness Program
offers individuals who teach full-time for five consecutive complete
academic years, in certain elementary and secondary schools serving
low-income families, forgiveness of up to a combined total of $5,000
in principal and interest of their Direct Loan and/or Federal Family
Education Loan Programs (FFELP) loans. For more information contact
American Education Services AES/PHEAA, Attn: Loan Discharge, 1200
N. 7th Street, Harrisburg, PA 17102-1444; (800) 692-7392; http://www.aessuccess.org/manage/cant_make_
payment/Federal_Teacher_Loan_Forgiveness.shtml. |
5) Agricultural Graduates - $10,000 Of Loan Forgiveness Is Waiting
For You!
If you are an agriculture or veterinary medicine graduate in Pennsylvania
who helps operate a family farm or practices veterinary medicine
that includes agricultural animals you may be eligible for up to
$10,000 in loan forgiveness payments. To learn more about this
program contact the Agriculture Education Loan Forgiveness Program,
P.O. Box 8114, Harrisburg, PA 17105-8114; (717)-720-2800; http://www.pheaa.org/loanforgiveness/Agriculture_
Education_Loan_Forgiveness_Program.shtml. |
6) Pennsylvania Nurses Receive $12,500 To Pay Off Nursing School
Loans
Imagine repaying your student loans just by doing your job! To
help recruit and retain qualified nursing in Pennsylvania, the "Nursing
Loan Forgiveness for Healthier Futures" program was created
to help struggling nurses repay their student loans. By working
for a participating Pennsylvania health care organization, after
graduation from an approved nursing education program, you may
receive student loan forgiveness for up to 25 percent (a maximum
of $12,500) of your eligible debt over a three-year period. Contact
the American Education Services, Nursing Loan Forgiveness for Healthier
Futures Program, Lender School Team, PO Box 2461, Harrisburg, PA
17105-2461; (800) 859-5442 http://www.pheaa.org/loanforgiveness/healthier_futures.shtml. |
7) $9,900 Loan Forgiveness Award
Teachers, are you having a difficult time paying back your student
loans? If so the state of Pennsylvania is here to help. The Quality
Early Education Loan Forgiveness program offers monthly student
loan debt assistance to graduates working in Pennsylvania, in
the field of Early Childhood Education. If you are eligible,
the program will forgive up to one-sixth of your qualifying loan
debt annually, not to exceed the maximum of $3,300 per year for
three years or the program’s $9,900 maximum benefit. For
more information about this opportunity contact the Pennsylvania
Higher Education Assistance Agency, PA State Grants and Special
Programs, 1200 N 7th St, Harrisburg PA 17102-1444; (800)233-0557
http://www.pheaa.org/ |
8) Pennsylvania Soldiers Collect $2,500
A one-time student loan forgiveness benefit of up to $2,500 can
be yours if you served in the Armed Forces, in an active duty
status, between September 11, 2001, and December 31, 2004. The
Armed Forces Loan Forgiveness Program recognizes the bravery,
dedication, and loyalty of our servicemen and women who served
in the aftermath of September 11, 2001. To learn more about this
program contact the Pennsylvania Higher Education Assistance
Agency, PA State Grants and Special Programs, 1200 N 7th St,
Harrisburg PA 17102-1444; (800)233-0557 http://www.pheaa.org/ |
9) $2,500 Per Year to
Repay Undergraduate Loans
Due to a critical teacher shortage in Florida, the Florida Department of Education
is offering Teachers forgiveness of their student loans. If you are a Florida
teacher and you are certified in a critical teacher shortage subject area contact
The Office of Student Financial Assistance, 1940 North Monroe Street, Suite
70, Tallahassee, Florida 32303-4759; 888-827-2004. To find out more about this
program, visit their website at http://www.firn.edu/doe/osfa/ctslffactsheet.htm |
10) $$$$$ To Pay Off Federally Insured Student Loans
The U.S. Federal Government has established a student loan repayment
program which authorizes agencies to repay certain types of federally
insured student loans as a recruitment or retention incentive
for highly qualified personnel. If you qualify, an agency may
agree to provide student loan repayment benefits of up to $10,000
per calendar year, subject to a cumulative maximum of $60,000
per employee. For more information contact The Office of Personnel
Management, 1900 E Streets NW, Washington, DC 20415-1000; (202)
606-1800, TTY (202) 606-2532, http://www.opm.gov/oca/PAY/StudentLoan/index.asp |
11) 100% Loan Forgiveness For JD Graduates!
If you are alumni of the American University Washington College
of Law you may be entitled to have all of your student loans
eradicated. As a demonstration of its ongoing commitment to see
its graduates apply the law to the greater good, WCL implemented
the Public Interest Loan Repayment Assistance Program (PILRAP).
PILRAP helps relieve economic burden imposed by educational debt
by providing loan repayment assistance for JD graduates who work
in full-time non-profit, government or other employment in which
the graduate is engaged in serving under-represented or traditionally
marginalized populations. To apply and gather more information
about this exciting program contact the Washington College of
Law, Attn:: Stephanie Sullivan Assistant Director, Public Interest
Specialist, 4801 Massachusetts Avenue, NW, Washington, DC 20016;
202-274-4000; http://www.wcl.american.edu/finaid/pilrap.cfm#contact;
Email: pilrap@wcl.american.edu |
12) Knock $25,000 Off Your Medical School Loans
Are you a clinician dedicated to working with our Nation's underserved? If so,
the National Health Service Corps can help you reduce your student loans by
$25,000! Fully trained health professionals who commit to work in a community
of great need are eligible to compete for repayment of their loans. In addition
to loan repayment, these clinicians receive a competitive salary, some tax
relief benefits, and a chance to have a significant impact on a community.
For more information contact NHSC, 5600 Fishers Lane, Park lawn Building, Rockville,
MD 20857; (800) 221-9393; http://nhsc.bhpr.hrsa.gov/join_us/; Email: nhsc@hrsa.gov |
13) $13,000 Per Year Of Loan Forgiveness For Rural Physicians
This program is offered to first, second, or third year primary
care medical residents who plan to practice full-time in a designated
rural area in Minnesota. Selected participants are eligible for
four years of loan forgiveness. During each year that a participant
serves as a physician in a designated rural area for a minimum
of 30 hours per week for up to four years, the ORHPC will pay
directly to the participant an annual lump sum of approximately
$13,000. Applications are available by contacting the Minnesota
Department of Health, Office of Rural Health and Primary Care,
Attn: Loan Forgiveness Program Officer, P.O. Box 64975, St. Paul,
MN 55164-0975; (800) 366-5424 http://www.health.state.mn.us/divs/chs/loan.htm |
14) $13,000 Lump Sum Student Loan Forgiveness
This program is offered to first, second or third year primary care medical residents
who plan to practice full-time in an underserved urban area in Minnesota. Selected
participants are eligible for four years of loan forgiveness. During each year
that a participant serves as a physician in an underserved urban area for a
minimum of 30 hours per week for up to four years, the ORHPC will pay directly
to the participant an annual lump sum of approximately $13,000. To learn more
contact the Minnesota Department of Health, Office of Rural Health and Primary
Care, Attn: Loan Forgiveness Program Officer, P.O. Box 64975, St.
Paul, MN 55164-0975; (800) 366-5424 http://www.health.state.mn.us/divs/chs/loan.htm |
15) $15,000 Loan Forgiveness Paid Directly To You!
This program is offered to individuals attending a program of study
designed to prepare them to become a licensed dentist. Selected
participants are eligible for up to four years of loan forgiveness.
There is a minimum service obligation of three years. Each year
a participant must deliver service totaling 25 percent of their
yearly patient encounters to a public program or sliding fee
scale patients. In turn, the ORHPC will pay directly to the participant
an annual lump sum of approximately $15,000. For more information
contact the Minnesota Department of Health, Office of Rural Health
and Primary Care, Attn: Loan Forgiveness Program Officer, P.O.
Box 64975, St. Paul, MN 55164-0975; (800) 366-5424 http://www.health.state.mn.us/divs/chs/dentist.htm |
Ask
Lesko…
…
Joanna submitted this week’s question:
“
I have two questions about government grants: first, is there a cap
on government grants that you can receive in a years’ time, and
second, do you have to claim government grants on your tax returns?”
Answer: Good questions.
I am sure you are not the only one looking for these answers. 1) There
normally is no cap on the number of grants you
can receive from the government. There may be occasions if you apply
for a grant at a number of organizations for the same project that
one or more of these organizations will want you to return the money
if you get the money elsewhere. But this is something you should never
worry about when you are applying for grants. Just apply to 100 places
if you can. The worst that can happen is that everyone wants to give
you the money! At that point you can see which of them wants their
money back. This is a wonderful problem to have, so don't give it another
thought until you are in that wonderful predicament. 2) Most
government grants do not have to be included as income on your tax
return. If you get a grant for starting a business, you will be buying
things with the money you receive and as a result will not have to
pay taxes because you spent it on business expenses. If you ever have
a tax concern the organization giving you the money will be able to
tell you if it is taxable. But like the question above, it is a good
question, but don't worry about it until they give you the money. It
is a nice problem to have.
Send your questions about government grants to dixiestjohn@earthlink.net.
If your question is selected for our newsletter, you will receive
a copy of Matthew Lesko’s book, Gobs and Gobs of Free Stuff.
See Me Live In Baltimore
on January 29th….
…
Learn the facts about how to apply for and get a grant. Get your questions
asked in person! Reserve your seat at www.howtogetagrant.com/grseminar1.
Give the Gift that
Keeps on Giving…
…
The Gift of Free Money! For a limited time, you can send your friend
or relative (or even yourself!) an autographed copy of the best-selling
book, Free Money to Pay Your Bills, personally signed by Matthew
Lesko with your custom greeting. Order today for the holidays by going
to
www.howtogetagrant.com/giftbills1 |
