Are There Grants To "Pay-Off" Student Loans? If So, Where Are They Located So I Can See Them?

The best way to pay off a student job is to take a job as soon as you graduate.  Even doing so, it will take anything from five to 10 years to pay off your loan.  In these economically difficult times however, it can be quite difficult to land a job that allows you to pay the bills and set aside something to repay your loans.  This is where grants come in. Grants are a part of the Student Loan Forgiveness scheme and are awarded provided the applicant gives something back to the society.  Some organizations that you can contact regarding a grant in return for volunteer work are, AmeriCorps, Peace Corps or the Volunteers in Service to America.

Graduates in education can get increasing percentages of their loans forgiven, with every successive year that they teach in a State school, or one that enrolls low income students. Medical health personnel can get grants by working with the poor in government-run clinics and hospitals.  Similarly, law students too who work for the State justice departments or in non-profit capacities can get grants.

In the United States, there is good news if you are employed in the public sector and have a loan which you have been unable to pay off for 10 years.  The entire loan amount that is left over at the end of 10 years of making consistent payments will be paid off by the government.

For TaxiHo--not that I am attacking you--I am attacking the whole school loan ordeal--YOU CAN NOT PAY YOUR LOANS OFF OR BE FORGIVEN IF YOU ARE A PUBLIC SCHOOL TEACHER....blah,blah,blah community service person.  On paper it sounds doable, the reality is that you have to pay your loan at its true loan payment---mine on 76,000 would be 800.00 a month if I were not on a "lower monthly payment plan" type program---who knows what they are calling it this year--Anyway, you pay your loans at their highest amount for 10 years and then you can "qualify and apply"---no definitive yes.  So, if we "service" people could pay our loans at their "real" rate---EX: Mine at 800.00, I "may" have them covered at the end of 10 years.  As an educator there will never be a way for me to pay 800 dollars a month for 120 months, which by the way is 96,000.  It is bogus and garbage they sell to the media and the politicians who listen and speak only in soundbytes.  Do not be fooled and stop being part of information that is so misleading.  As a lawyer especially----check your sources, dot your I's and cross your T's before you hand out information which is full of holes.  I am so tired of reading comments where people tell the loanees how easy it can be if...

There are grants out there that will cancell out the pell grants and the stafford grants you just have to look through all the government grants till you find exactall the right one. I was steered in the right direction to do the same by going to governmentgrants.gov

I am in 70,000 school loan debt. None of the new programs are available for me. I need help and a plan. I'm a teacher, coach and am in graduate school (paying it cash). I need some programs that can help me. I want to pay my dept off but its almost depressing when you look at it. No help available. No programs that I qualify for. Can someone do something?

Peace corp website states that with 4 years of service they can take 70% of perkins loan.

15% for every year after 2 years of service.

BUT most people have staford loans. Perkins loans are usually small in size.

There are grants available like Perkins Grants etc that can definitely help you to pay off the student loans of yours. All you need to do is to contact your lending agency or the financial aid department of your college concerned and from there you would get the complete details.

The only place I'm aware of that will do this is the armed forces. They will often pay off your student loan if you enlist. Check with your local recruiter to see what the specifics are.