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.
The professionals who could have their loans forgiven include:
- police officers
- many others in the health care field
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.