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Student Loan Cancellations for Teaching and Community Service

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Student Loans
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Student Loan Cancellations for Teaching and Community Service
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Two other categories that you might qualify for with regard to getting your student loans discharged or cancelled pertain to service-based work.

You can get your educational loans cancelled, or at least greatly offset, for jobs in teaching and public service.

Up to $17,500 Forgiven

Teachers qualify for loan forgiveness in the amount of $5,000 or $17,500 under the Teacher Loan Forgiveness Program. The money is usually doled out to:

  • those who teach in low-income neighborhoods
  • those who teach certain math, science, and special education subjects, and
  • individuals who work in places where there are critical shortages of qualified educators

Additionally, child-care providers, nurses, and others in the medical field who are helping individuals in impoverished areas or high-need communities can also qualify for loan discharges.

So if you happen to be a doctor or nurse working in one of these areas, by all means investigate and see whether you qualify for a loan cancellation and in what amount.

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About

Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, speaker, and author of 15 money-management books, including the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom.

Lynnette has been seen on more than 1,000 TV segments nationwide, including television appearances on Oprah, Dr. Phil, The Dr. Oz Show, The Steve Harvey Show, Good Morning America, The TODAY Show and many more.

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