Tip #5: Seven Smart Ways to Pay Off Student Loans Fast: Volunteer, Teach, or Serve the Sick

By Lynnette Khalfani-Cox, The Money Coach

A host of working professionals and volunteers can have their loans forgiven or outright canceled. To learn more, read below for my Tip #5 in a series of “Seven Smart Ways to Pay Off Student Loans Fast.” A new tip is presented each day for seven days. Read also Tip #1, Tip #2, Tip #3 and Tip #4.

Tip #5: If you volunteer or have a job that helps eradicate hunger, homelessness, poverty, crime or illnesses, or you teach in a socioeconomically deprived school, you may qualify to have your student loans forgiven.

Working professionals:
The professionals who could have their loans forgiven include:

  • police officers
  • lawyers
  • teachers
  • nurses
  • doctors
  • many others in the health care field

Volunteers:
People who volunteer at AmeriCorps, VISTA or the Peace Corps, or who help impoverished people and those in under-served communities can also have their student loans written off.


Bonus Tip: More than two dozen loan cancellation and loan forgiveness programs are detailed in my book, Zero Debt for College Grads. Get the book now at Amazon.com.


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Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney.

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