Every year, students go into debt by obtaining studies and taking out student loans to complete them. It can take years to pay off.
The average student debt for a student today is $37,113.
Some people are lucky enough to get these loans forgiven.
FAFSA: Application Information for the 2022-2023 Academic Year
Cancellation of civil service loans
This program will eliminate all student loan debt.
It was created in 2007 as part of the College Cost Reduction and Access Act.
To use it, you must first make 120 qualifying student loan payments while working for an employer eligible for the program.
This means that you must work full-time for a government agency or a specific type of non-profit organization.
Federal direct loans and federal consolidation loans are eligible.
You must have an income-based repayment plan to qualify.
Financial aid: differences with public and private colleges
- Revised Pay As You Earn (REPAYE) Repayment Plan
- Pay As You Earn (PAYE) Reimbursement Plan
- Income Based Reimbursement Plan (IBR)
- Income Contingent Repayment Plan (ICR Plan)
Student Loan Repayment: Income-Based Plans
What Types of Jobs Will Get Me Off My Student Loans?
- emergency management
- Government (excluding time spent as a member of Congress)
- Military service
- public safety
- Law enforcement
- Public health
- Public education
- Social work
- Public service for the elderly
- Public interest law services
- early childhood education
- Public service for people with disabilities
- Public Library Science
- School librarianship and other school services
- 501(c)(3) tax-exempt organizations
- Teaching as a faculty member at a tribal college or university
- Teach as a faculty member in an area of high need or in an area in short supply
- Full-time volunteering for the AmeriCorps or Peace Corps