January 7th, 2013 by Tamara Krause

Loan Forgiveness Programs Last year, a record number of students applied for AmeriCorps. Why? For some, the opportunity to serve others while learning valuable skills was enticing, but others joined for an entirely different reason. After completing just one term of service (12 months or less), they were eligible to have their student loan debt reduced by up to $5,500. Unfortunately, budget cuts have made it impossible for AmeriCorps and other service-based organizations to provide this opportunity to everyone who submits an application, but that doesn’t mean there aren’t other options available to students who want to reduce, or even eliminate, their student loan debt. Depending upon a student’s intended career field, he/she may be eligible for one of the many student loan forgiveness programs being offered through federal and state governments, or other organizations. Here are just a few of the programs currently available. Read the rest of this entry »