Sep
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peaches and cream asked:
I have a student loan which is going to take a long time to pay off. Isn’t there a program to forgive your loan if you work somewhere? I heard something like that but I am not sure and if anyone could get me information on this I would really, really appreciate the effort in helping me out.
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Tags: Long Time, Student Loan Program
September 14th, 2008 at 2:33 am
try google or ask.com
September 17th, 2008 at 10:29 am
This answer depends on two things:
1) the types of loans
2) the area you are working in.
Stafford loans have a forgiveness program for teachers and may have others. If you are a teacher in an area of need, you can have $1000 per year of your indebtedness forgiven for each year of service for up to five years (or a total of $5000).
Perkins loans have a 100% forgiveness program. For teachers in areas of critical need, 1/5 of the total Perkins indebtedness can be forgiven for each year of service for up to five years.
Check out Student Aid on the Web for more information.
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