Getting a student loan discharge isn't the only means of eliminating student loans. Student loan forgiveness is one program one can use to eliminate their student loans, then again, the requirements that students should meet so that they are considered eligible for this program are really stringent. In addition to that, the qualifications are not just specialized but they are also very specific.
You can obtain student loan forgiveness if you will carry out specific types of volunteer work. For instance, if you are going to work in the AmeriCorps for no less than one year, you can get money that you can use to pay your student loan. If you will become a member of Volunteers in Service to America or VISTA, you may possibly obtain money which you can place to your loan if you will volunteer for no less than 1700 hours. If you will choose to serve in the military especially in the Army National Guard, you may potentially get $10,000.00 that you can put towards your loan. Check out forgivenessprocessing.com to get started.
If you will become a teacher, you can also be eligible for student loan forgiveness. Most especially if you will choose to permanently teach in elementary schools or in secondary schools which benefit low-income regions, you may also qualify for student loan forgiveness. In addition to that, there are various student loan forgiveness programs that can be accessed by the professionals working in the health industry like doctors as well as nurses. This normally applies to nurses and doctors who are working in some rural areas for a definite period, that is to say, those areas that do not have sufficient medical care or regions that are known to be economically depressed. Also, there is an option available for student loan forgiveness for those students that practice medical research and also options meant for physical therapists and occupational therapists.
The main concept of student loan forgiveness age 65 is both a reward and benefit for those students who would like to present their services to people who are less fortunate. For the reason that they are prepared to generously donate their energy, their time, their care, as well as their expertise to those areas that are not so blessed, they will be able to release a huge sum or financial debt as well as obligation. The main purpose is to establish that if you are generous and you are compassionate, and you intend to make a huge difference in this world, you can be rewarded generously as well.
To read more about this, go to http://en.wikipedia.org/wiki/Student_loan.