Student Loan Repayment and Forgiveness
There are several student loan forgiveness programs that pay off (or cancel) all or part of a borrower's federal student loans in exchange for service in a particular occupation or volunteer service. The goal of such programs is to encourage individuals to pursue a particular career path, especially one that involves a low salary or high student loan debt. There are also loan forgiveness programs for occupations in which there is a shortage of qualified workers. Following are websites with information on repaying student loans or seeking loan forgiveness.
Federal Government Student Loan Repayment Information:
Presidental Memorandum - Federal Student Loan Repayments
Income Based Repayment Everything You Need to Know
Federal Student Aid, an office of the U.S. Department of Education, site provides information as to how your federal student loans could be forgiven, canceled, or discharged. Find out whether you qualify due to your job, disability, the closure of your school, or other circumstances.
Federal Student Aid
MassSaves.org is overseen by Massachusetts Financial Education Collaborative, whose goal is to connect MA residents to a network of vetted and reliable resources.
Paying off Student Loans
$ALT – created by American Student Assistance – offers free help with college student loan basics, successful repayment, repayment challenges and managing default. Help is available in English, Spanish and Chinese.
Student Loan Repayment article: 60+ Ways to Get Rid of your Student Loans
For more information or to discuss financial concerns please contact Partners Employee Assistance Program at 1-866-724-4EAP.
In case of emergency, please call 911 or your local hospital emergency service.
This content was last modified on: 04/10/2017