Student Loans Forgiveness

In exchange for teaching five years in an elementary or secondary school in an area that serves low-income families, teachers can have a percentage of their outstanding Stafford loans forgiven for each year of service. The total amount of loan forgiveness is up to $17,500 in principal and interest.

There are also forgiveness programs for highly-qualified math, special education and ESL teachers.

For more on these programs, visit Stafford Loan Forgiveness for Teachers

The U.S. government's Nursing Education Loan Repayment Program helps registered nurses who serve for two years in a non-profit health facility reduce the amount of their student debt. In exchange for serving two years in a qualified facility, nurses can reduce the amount of their loan indebtedness by 60%. In return for an optional third year of service, nurses can have 25% of their initial loan balance forgiven.

For more details, visit U.S. Department of Health and Human Services