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24 Dec 2012 @ 03:27 CET
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Did you know that there are numerous programs available which will actually repay any part of your college loans? Education loan forgiveness is not a myth. A number of these programs aren't widely advertised and most those who are eligible don't even understand that they qualify to possess thousands of dollars cancelled the balance 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 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 neuro-scientific mathematics or science at an eligible secondary school or who provide special education to students with disabilities.

Student 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 has developed programs to forgive up to 100% of the college loan balance for people at eligible centers. To be eligible for a this student loan forgiveness program, borrowers must hold a degree when they are young education and work full-time for 2 years at a qualified facility where at least 70% of the children receiving care originate from families that earn less than 85% of the state median household income. To learn more, call the Child Care Provider Loan Forgiveness support staff at 1-888-562-7002.

Education loan Forgiveness for Police
Protect and serve the community and also the government is going to do exactly the same for your budget by repaying your college loans for you. Full-time law enforcement or correction officers qualify to obtain their loans paid off through the government for a price of 15%per year for the first 24 months and services information, 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 for sale to physicians and RN's who practice in areas that lack adequate health care. The National Heath Services Corps will repay up to $35,000 each year of service for qualified individuals. The Nursing Education Loan Repayment Program (NELRP) repays up to 60% of your college loan balance for individuals who serve a minimum of 2 years in critical shortage facilities.

Education loan Forgiveness for Armed Forces
The federal government shows their appreciation of those who serve and protect having a variety of student 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.

Student Loan Forgiveness for Volunteer Work
Serving in the Peace Corps, Americorps, or Volunteers operating to America (VISTA) all qualify you for school loan forgiveness programs in a variety of 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 paid for every year of service up to 70% of the college amount borrowed. To explore this student loan forgiveness opportunity call 1-800-424-8580. Americorps, the domestic arm of the Peace Corps, awards volunteers $4,725 to apply toward their outstanding college loans after twelve months of service. To learn more call 1-800-942-2677. VISTA (Volunteers operating to America): Volunteer 1700 hours for just one of the many organizations across the country focused on eradicating hunger, homelessness, poverty, and illiteracy and have up to $4725 wiped off your college balance. To find out more call 1-800-942-2677.

Student Loan Forgiveness for Head Start Staff
People 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 of service up to 100% of the balance.

Student Loan Forgiveness for Providers of Intervention Services for the Disabled
The government pays your Perkins loan in full should 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 or outside facility providing the program conforms towards the requirements of the people with Disabilities Education Act. To explore his student loan forgiveness program, speak to your loan company.

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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 human resources department of your employer or groups that you volunteer for or are considering joining. Be sure to bookmark this page of resources or pass it along to a friend or colleague. You might just find a way to save yourself or someone you know a few thousand dollars!
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