Sunday, August 3, 2008

Educational Loan Forgiveness

This is for a teacher friend:

Under certain circumstances, the federal government will cancel all or part of an educational loan. This practice is called Loan Forgiveness. To qualify, you must:

  • Perform volunteer work;
  • Perform military service;
  • Teach or practice medicine in certain types of communities; or,
  • Meet other criteria specified by the forgiveness program

Visit http://www.finaid.org/loans/forgiveness.phtml for more criteria specifics.

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