8. AmeriCorps, Peace Corps and other qualifying volunteer organization workers
Did you know those specific volunteer organizations provide student loan forgiveness? Don’t let excessive student loan debt keep you from volunteering to help others.
Student loan awards or repayment options are available through volunteer groups such as the Peace Corps, AmeriCorps, and Volunteers in Service to America (VISTA). After you have completed your term of service with the organization, you can apply for these.
These programs’ terms and conditions differ, so visit their websites to learn more about student loan programs for volunteers.
9. Dentist
Although dentists earn a high salary — a median of $156,240 per year, according to the Bureau of Labor Statistics — they also incur significant debt before they begin working.Acco rding to the American Dental Education Association, the average dentist with student loans in the Class of 2019 graduated with a debt of $292,169.
Fortunately, several debt repayment aid programs, or LRAPs, are available for dentists, such as the Ohio Dentist Loan Repayment Program and the Maryland Dent-Care Loan Assistance Repayment Program. These programs provide significant loan assistance to dentists who practice in qualifying areas or organizations.
10. Pharmacist
Pharmacists, like dentists, incur significant educational debt to obtain their degrees. The American Association of Colleges of Pharmacy reports that pharmacists in the Class of 2019 who borrowed student loans borrowed an average of $172,329 to fund their studies.
There is also help available here: several national LRAPs provide financial assistance to health care practitioners, including pharmacists. Furthermore, several state programs, such as the California State Loan Repayment Program, will repay all or a portion of your loans if you establish residency and practice in a qualifying location.
11. Veterinarian
Working with animals could not only be a rewarding job, but it could also help you get student loan forgiveness.
The United States Department of Agriculture provides $25,000 in school loan payback aid to vets working in underprivileged communities for three years.
Programs like the North Dakota State Veterinarian Loan Repayment Program assist veterinarians who agree to work in places with shortages.
According to the American Veterinary Medical Association, 44% of veterinarians in the Class of 2018 finished with more than $200,000 in student loan debt, while the average debt for all graduates was $143,111.
As you seek financial independence, any program that offers relief in the form of forgiveness or repayment assistance could be very beneficial.
Should you look for jobs that provide student loan forgiveness?
To qualify for loan cancellation, most student loan forgiveness jobs have tight standards, contracts, and a minimum duration of employment. Furthermore, you must be current on your student loan payments; your loans cannot be in default.
However, if you meet the standards, you will be eligible for debt payback, cancellation, or forgiveness. Giving just two or three years of professional life to a qualifying employer could solve your student loan issues. Every student loan repayment and forgiveness program has unique qualifications and eligibility restrictions, so do your homework before applying for any of these or other loan forgiveness programs. If you qualify, these programs could be a game changer in your quest to pay off your student loans.