Student Loan Forgiveness in Alabama, AL
What is Student Loan Forgiveness?
Loan forgiveness programs are offered by the federal government to cancel a portion or pay off the entire student loan in exchange for services in needy areas. A few methods in which students can participate and have their loan forgiven are to sign up for the military, do volunteer, teach or provide law and healthcare services in needy areas.
Loan Forgiveness through Volunteer Work
There are many different ways in which graduates can volunteer and have their student loans forgiven. This volunteer work gives graduates the opportunity to help others while at the same time getting their student loan forgiven. Americorps, Peace Corps and VISTA are a few groups that participate in loan forgiveness programs.
Loan Forgiveness through Military Service
Loan forgiveness through military service is another option for student to get their loans forgiven. There may be several loan repayment options available for the military, just make sure that the correct option is selected.
Loan Forgiveness through Teaching
Aspiring teachers are also eligible for loan forgiveness programs in exchange for teaching in low-income areas where teachers are needed. Only students that have taken out Federal Perkins Loans are eligible. For each year of service in a low-income area, teachers will get a portion of their loan forgiven.
Loan Forgiveness through Law and Medical Services
Another way to be eligible for loan forgiveness programs is for providing service to the general public with a law degree or a medical degree. Individuals who choose to teach in needy areas or lawyers who practice law as a public defender will have their loans cancelled.
Graduate With a Low Debt or Debt Free With Student Loan Forgiveness in Alabama
Student loan forgiveness in Alabama is a great way to help others and at the same time get part or your entire education loan forgiven.
RickyMik: http://www.studentloaninfo.org/blog/
Student loan forgiveness in Alabama
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