Many individuals who attend college take out student loans in order to afford the costs of tuition, course-related materials and other school expenses. While some work while enrolled in a bachelors degree program, others have full student loan repayments to contend with after graduation. However, the new Public Service Loan Forgiveness program established by the Obama Administration might help individuals erase their debt while working towards a fulfilling career.
Those who choose jobs that provide socially beneficial services such as nursing or social work, may find that their federal student loans are forgiven after a certain period working at this profession. The Indiana Daily News recently reported on students who are planning to become primary care physicians after graduation in order to be eligible for the program.
Many of these students found that their student loans were greatly reduced or eliminated by choosing to take their physicians qualifications and use them towards a greater social good.
Other individuals who are in the midst of their studies at an online college may want to consider their career goals and how their occupation can help them take care of student loans once they enter the workforce as a qualified employee.
June 1, 2010
Wow! I wish this was around when I was in college! I was in debt up to my teeth which I am still paying off.
June 1, 2010
I’m just curious but does that apply to people in lines of work like public transportation? i.e. driving a school bus?
June 2, 2010
I’ve been interested in this idea for a while now. Public service doesn’t mean the military though does it?
June 2, 2010
Awesome! I was planning on going into public service anyway so this works out wonderfully for me
June 3, 2010
I took out a student loan from a bank and have not gotten a job yet, so cannot pay anything on it. It is possible to have this kind of loan forgiven?
June 9, 2010
This is definitely interesting!How long would it take for a public teacher to work off their debt?
June 22, 2010
hmm interesting, i’ve never heard about this until just now, thanks for the heads up!
June 27, 2010
I finished college 6 years ago and am a physician’s assistant. I also am up to my ears in student loan debt. Do I qualify for help?
July 5, 2010
I have a mountain of student loans to pay off. So if I get a job in the public sector like government, will I be eligible for forgiveness?
July 9, 2010
Does mail carrier count?
July 14, 2010
Great news. I was thinking I might have to file bankrupcy. Is it true that you cannot include student loans in a bankrupcy?
August 15, 2010
I do hope I can get all the information as to where I need to go in my area so that I can get all that I need to get this forgiveness situation in place.
September 1, 2010
I’ve heard that some teachers who choose to work in the inner city, have the option of loan forgiveness. How many new programs introduced by the Obama administaration offer financial aid in return for working for the social good?
January 12, 2011
Hello Quan. While it is not a guarantee that your student loans will be taken care of, you can always check with future employers about what they can do help you out with your mountain of student loans
January 12, 2011
Hello Ben, yes being a mail carrier is a public service. Check with future employers to see what they can do for your student loans.
January 13, 2011
Jerome, you are correct. Unless there is an exception, student loans are a lifelong financial obligation.
August 10, 2011
Hey tragicomedienne, Teach for America has many benefits available for new teachers including help with student loans. I’d also recommend looking at The American Federation of Teachers website for programs that offer loan forgiveness.
October 2, 2011
Just wondering since I do have quite a bit of debt – I do websites and creative jobs if I were to volunteer to do a website for a non-profit organization do you think some of my school debt could be relieved??
December 29, 2011
Hi Pamela. Student loan forgiveness is often state run, you’ll need to look into whether your state offers any sort of program similar to this and what the requirements are for applying for student loan forgiveness. Good luck!
January 25, 2012
Your tax dollars pays for this! This means
Others pay for your education. Not right.
If the government pays for it, it means The
People of America get saddled with your
debt! This is why our Country is in the shape
it is. We all need to take responsibility
for ourselves.