Honorable Work Is Rewarded With Student Loan Repayment

Student loan forgiveness is a reward for those who protect, serve, volunteer and assist. Just a few of the occupations that qualify a graduate for a student loan forgiveness program are law enforcement, armed forces, volunteer programs and nonprofit family services employees. That's right; people who work in these fields are rewarded for their service with student loan repayment. For law enforcement officers, the government awards student loan forgiveness to reward those who protect and serve.

This student loan forgiveness program awards more student loan repayment for each year of service. The government pays off 15 percent of an officers student loan per year for the first two years, 20 percent the third and fourth year and 30 percent the fifth year. People who serve in the Armed Forces Forgiveness also qualify for student loan forgiveness . Military personnel are rewarded for serving and protecting by student loan repayment form the government. The Armed Forces Student Loan Forgiveness Program will pay as much as $2,500 of a person's student loan if they served between September 11, 2001 and June 30, 2006.

The National Guard offers also has a student loan forgiveness program , which pays as much as $10,000 of as student loan. Volunteer work is a worthy endeavor, and those who volunteer are compensated with student loan repayment as well. Serving in the Peace Corps, Americorps or Volunteers in Service to America qualifiers a person for student loan forgiveness in various amounts. Those who volunteer for the Peace Corps will have 15 percent of their Stafford, Perkins, or consolidation student loan paid for each year they serve, with a maximum of 70 percent. Americorps, the domestic arm of the Peace Corps, awards volunteers with $4,725 of student loan forgiveness after one year of service. VISTA awards those who volunteer for 1700 hours with $4725 of student loan forgiveness .

There is also a student loan forgiveness program for nonprofit child or family services agency employees. The federal government will pay as much as 100 percent of a person's student loan, in an effort to attract and retain more highly trained early childcare professionals.

Borrowers must hold a degree in early childhood education and work full-time for two years at a qualified facility where at least 70 percent of the children come from families that earn less than 85 percent of the state median household income. Since all these jobs are hard and don't always earn a lot of money, the student loan forgiveness makes them more attractive to qualified individuals. People in these honorable professions do good work, and should be rewarded accordingly with student loan repayment.