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Student Loan Forgiveness: What Is It and Can I Qualify With My Loans? Anyone that is a student should definitely try to make sure that they understand what student loan forgiveness is and why student loans can sometimes be forgiven or lessened. Student loan forgiveness is a program for students that have to take out loans before they start school or while they are at school. Being able to do this seems really easy, right? Not all people will qualify for student loan forgiveness. Before a person will be able to qualify for this program, you will find that there are a lot of specific requirements that must be met. In this article, you will have the opportunity to learn a little bit more about the program itself and to see how you might be able to qualify. A way that a student may be able to have their loans forgiven is by doing specific volunteer work. People that are involved with groups like the Peace Corps or other volunteer organizations may qualify for this. Students that are involved in these types of organizations for volunteers may be able to qualify for student loan forgiveness after they complete a certain amount of volunteer hours. In addition to this, students that serve in the military are typically able to get about $10,000 to pay toward their student loans. Something that you may want to know is that student loan forgiveness is an option for many of the students that end up being teachers. Teachers that teach in school settings full time in low income areas are almost always going to be able to qualify for student loan forgiveness. Typically, teachers are going to have the requirement of working at this specific location for at least 2 years before their student loans will start to become less.
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Working as a nurse or a doctor after school is also a way to possibly qualify for the student loan forgiveness program. Low income areas or areas that are more rural will typically need more people in the medical field to fill their hospitals and clinics. For this reason, if you work as a nurse or a doctor in these areas for a specific amount of time, you may be able to qualify for student loan forgiveness.
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Some colleges are able to offer their students student loan forgiveness in some situations. In addition to this, there are certain states that are able to do this for specific types of students as well. There are other career options out there that may help you qualify for student loan forgiveness, so be sure to check that out and see if your career is qualifying.