Advertiser Disclosure

Careers That Offer Partial Or Total Loan Forgiveness

Careers That Offer Partial Or Total Loan Forgiveness Loan

It is a well-known fact that most college students need a loan to be eligible for a college education. To put it in statistical terms, at least seven out of ten college students take loans to pay for their college education, which totals to an average balance of more than $35,000 by the time they graduate out of school. All said and done, this is definitely not an ideal way to start out in your professional career, with a huge debt on your head. Students should preferably look for companies that offer to forgive college loans as they take them on as employees after graduation. In fact, companies are offering to forgive college loans as a way to attract good employees in spite of poor economic backgrounds.
In that respect, here are some careers that recent graduate students can opt for and forgive college loans as a part of the package.

  • Federal Agency Employees – Federal agencies have significant leverage as opposed to private companies when it comes to loan repayment in the sense that, they are allowed to offer student loan repayment assistance to their employees as long as it does not exceed $60,000 per person.
  • Public Service Careers – Public service institutes offer loan cancellations for full-time public service employees as long as they are unconsolidated loans. There is also the Public Service Loan Forgiveness Program which is available for any person of a government organization, tax-exempt organization or for-profit organization with qualifying service.
  • Medical Practice – There are specific options available for loan forgiveness to medical practitioners and other people who have careers in medicine including doctors and nurses as well. The Association of American Medical Colleges maintains a list of loan forgiveness programs for doctors.
    These are the careers that have loan forgiveness programs available to you if you choose any of these fields as a career. You will notice that most of these careers include helping the community in some way. Therefore, if you are doing public service or enjoy helping people, a career in public service or medicine may be the right one for you.
774 VIEWS

top rated cards

Citi® Double Cash Card – 18 month BT offer

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi ThankYou® Preferred Card

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi Simplicity® Card - No Late Fees Ever

cards
  • Purchases Intro APR
    15.74%
  • Regular APR
    15.74% - 25.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi® Diamond Preferred® Card – 21 Month Balance Transfer Offer

cards
  • Purchases Intro APR
    14.74%
  • Regular APR
    14.74% - 24.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0
Credit Cards

Two Of The Best Loans To Consolidate Credit Card Debts

If you have multiple credit card debts, debt consolidation is the best way to streamline all your loan payments into one. Additionally, it helps in reducing your credit card utilization, thereby improving your credit score significantly. There are cr...
1866 VIEWS
Finance

How Do I Lower The Premium On My Property Insurance

Buying a property of one's own may be the culmination of years of saving money. However, merely owning a house is not adequate as it is essential to protect your property against any potential loss or damage in the unlikely event of a break in, accid...
665 VIEWS
Finance

Is Balance Transfer A Possibility When Credit Limit Is Low

All of us have experienced a drop in our finances. You think of various ways to get out of the situation but you hit a snag. This is when many people turn to the best balance transfer available to them at that point in time, desperate to take any pat...
762 VIEWS