Imagine if you could make your student loan disappear. According to American Student Assistance, a non-profit that aims to educate young people about money say it is possible.
Both the federal and state government, as well as some non-profit organizations offer loan “forgiveness” programs. Do the right paperwork and you could be loan free.
While there is no single comprehensive listing of loan forgiveness programs, there are programs for some specific professions. Here are a few of those:
Law school graduates who become a district attorney or a public defender are eligible to apply for the John R. Justice student loan repayment program. This program pays up to $4,000 a year towards an eligible applicant’s debt up to the maximum of $60,000 per graduate.
The National Health Service Corps offers an even more generous program for health professionals. This program repays up to $60,000 in debt in just two years for students working in medicine, dentistry or mental health in underserved communities. Graduates who are willing to work part-time on medical research could eliminate up to $35,000 in debt per year with a program funded by The National Institutes of Health.
If you are willing to trade a few years of service for loan forgiveness you are in luck. There are various federally funded loan repayment programs for fire fighters, teachers, nurses, librarians, speech pathologists and employees of non-profits. The programs don’t typically ask graduates to work for free but they might receive less pay in order to repay the loan. The value of the loan repayment is likely to more than compensate for the lost wages.
Because there is no comprehensive list of forgiveness programs it pays to do your research. There are many organization’s websites that can help students find the right fit.
THE ARBORETUM: New Construction. Phase 2–Sudbury’s newest neighborhood located on a beautiful residential cul-de-sac.Detailed covenants will provide each residence with an extensive array of beautiful plantings supported by a drilled well for irrigation only. Well designed homes will have generous use of custom moldings, granite, hardwoods and tile. Economical natural gas heat. Low maintenance exterior with cement board clapboards and PVC trims. Walk out basements. Custom stone walls. 5 bedroom septics. The Arboretum abuts lovely conservation land offering access to Cutting Pond for low impact activities such as canoeing and ice skating
This is a Colonial style home and features 9 total rooms, 3 full baths, 1 half bath, 4 bedrooms, 0.87 Acres, and is currently available for $1,170,000.
For complete details click here.
Sudbury MA ListingsSudbury, MA - $865,000 - Single-Family - Colonial - Rooms:10 - Beds:4 - Baths:2/15 hours agoSudbury, MA - $670,000 - Single-Family - Colonial - Rooms:8 - Beds:5 - Baths:3Sudbury, MA - $739,000 - Single-Family - Colonial - Rooms:9 - Beds:4 - Baths:3/1Sudbury, MA - $899,000 - Single-Family - Colonial - Rooms:10 - Beds:4 - Baths:2/1Sudbury, MA - $899,000 - Commercial - Year Built:1950 - Acres:0.23
Framingham MA ListingsFramingham, MA - $459,900 - Single-Family - Colonial - Rooms:8 - Beds:4 - Baths:2/11 hour agoFramingham, MA - $595,000 - Single-Family - Colonial - Rooms:9 - Beds:4 - Baths:32 hours agoFramingham, MA - $4,000 - Commercial - Year Built:9999 - Acres:0.222 hours agoFramingham, MA - $639,900 - Single-Family - Colonial, Contemporary - Rooms:8 - Beds:4 - Baths:2/15 hours agoFramingham, MA - $1,395,000 - Commercial - Year Built:1963 - Acres:0.48 hours ago
Wayland MA ListingsWayland, MA - $448,500 - Condo - Townhouse - Rooms:6 - Beds:2 - Baths:22 hours agoWayland, MA - $599,900 - Condo - Townhouse - Rooms:7 - Beds:2 - Baths:2/16 hours agoWayland, MA - $1,295,000 - Single-Family - Colonial - Rooms:9 - Beds:4 - Baths:2/27 hours agoWayland, MA - $599,000 - Condo - Townhouse - Rooms:5 - Beds:2 - Baths:2/18 hours agoWayland, MA - $1,550,000 - Single-Family - Victorian, Antique, Farmhouse - Rooms:13 - Beds:5 - Baths:410 hours ago
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