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Updated by LoansLens on Nov 17, 2016
Headline for 5 Careers That Grant Student Loan Forgiveness and Save Your Money
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5 Careers That Grant Student Loan Forgiveness and Save Your Money

If you are like endless numbers of other graduates, you may have found yourself in shock when your first student loan bill arrived after graduation. Thankfully, there are some careers that offer student loan forgiveness. Look into this if you want to say goodbye to your student debt.

Source: http://loanslens.com/student-loan-forgiveness-careers/

1

Doctor

Doctor

It is difficult to feel like a flourishing doctor when most of your paycheck goes to your student loan repayment. The majority of loan forgiveness programs for doctors require you to be employed in a Health Profession Shortage Areas or a Medically Underserved Area.

2

Public service

Public service

The loan forgiveness here isn’t based on what kind of work you do, but rather who you work for. Employees that qualify include:

  • Full-time positions at AmeriCorps and Peace Corps.
  • Any level of government organizations (federal, state, local, or tribal).
  • Non-profit organizations that are tax-exempt under Section 501(c)(3).
3

Teacher

Teacher

Teachers can qualify for the Federal Teacher Cancellation for Perkins Loans where 15% of your loan can be canceled if you have already been teaching for one year at least in what is considered a low-income area. If you teach for 5 years, your whole loan is forgiven.

4

Dentist

Dentist

As a dentist, you can also qualify for loan forgiveness on the national level.

National programs include military service. The Army offers the ADHPLRP (Active Duty Health Profession Loan Repayment Program) and HPLR (Healthcare Professionals Loan Repayment Program). The Airforce offers ADHPLRP (Air Force Active Duty Health Professions Repayment Program). All of these programs provide up to $50,000 in debt repayment annually.

5

Lawyer

Lawyer

Many possible lawyers usually take on huge amounts of debt to turn their career dream into a reality. Thankfully, there are some student loan forgiveness programs available only to lawyers.

For lawyers that work in the public sector, the John R. Justice Student Loan Repayment Program offers $10,000 – $60,000 in loan forgiveness.

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