School loans?
Asked by ROCKETAre there any types of funding for student loan relief? Federal releif of any kind? Not just defferment but debt relief for school loans. Similar to scholorships but after you graduate.
Favorite Answer
Answered by thatgirlatstate
There are a few things that you can do to have your loans forgiven but they're mostly related to teaching. If you have Stafford or Perkins Loans and become a teacher in a low-income school district, your loans may be forgiven after 5 years of service (give or take). You can search for information about what school districts qualify as low-income and you'd be surprised at how many do. (see link below) Second, you can spend a year (or many years) working with Americorps or the Peace Corps after graduation. During that time, your loans will be deferred and then at the end of your service, you can receive up over an educational reward of $4750 (Americorps). The educational award can be applied to past loans or used for future schooling. Jobs with Americorp place candidates in positions here in the U.S., provide a monthly living stipend (about $1000), health insurance and sometimes day care assistance if you have kids. There are a ton of jobs through the Americorp program and its a great way to get some experience, make a difference and earn some money. Those are the only ways I've seen to have loans forgiven so far. Good Luck!
There are a few things that you can do to have your loans forgiven but they're mostly related to teaching. If you have Stafford or Perkins Loans and become a teacher in a low-income school district, your loans may be forgiven after 5 years of service (give or take). You can search for information about what school districts qualify as low-income and you'd be surprised at how many do. (see link below) Second, you can spend a year (or many years) working with Americorps or the Peace Corps after graduation. During that time, your loans will be deferred and then at the end of your service, you can receive up over an educational reward of $4750 (Americorps). The educational award can be applied to past loans or used for future schooling. Jobs with Americorp place candidates in positions here in the U.S., provide a monthly living stipend (about $1000), health insurance and sometimes day care assistance if you have kids. There are a ton of jobs through the Americorp program and its a great way to get some experience, make a difference and earn some money. Those are the only ways I've seen to have loans forgiven so far. Good Luck!
