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

8 Answers

Elizabeth Leake Profile
Elizabeth Leake answered
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.
Anonymous Profile
Anonymous answered
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...
Anonymous Profile
Anonymous answered
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
Anonymous Profile
Anonymous answered
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?
Anonymous Profile
Anonymous answered
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.
thanked the writer.
Anonymous
Anonymous commented
Taxiho, does that count for Probation officers as well? I have loans to pay off too. Thanks
Jimmy Read Profile
Jimmy Read answered
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.
JJJJJJ BBBBBB Profile
JJJJJJ BBBBBB answered
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.
thanked the writer.
Anonymous
Anonymous commented
No they won't, they will only pay off 10,000 dollars total for four years of service.
Anonymous
Anonymous commented
Joining the PEACECORP. For TWO years, will pay the whole DAMN thing off!!! Also, if you become any "public servant," like a public defender, or a school teacher, they also will pay it off over a period of 7 to 10 years. The PeaceCorp. Is the only way to get it paid off all at once. For 200K, it is worth joining it for two years! That's like making 100K per year!
Okay, if you can't do that, then you can claim disability, but you don't want to do that. What you need to do is look up "goverment loan forgiveness programs," under a search engine to find all the various ways allowed under current guidelines!
I am a lawyer, this is the best answer I can give you!
Franklin Robinson Profile
There are grants you can easily get to help pay off student loans. I just recently got one because I was way in over my head with how much money my college ended up costing me.

A friend at work showed me www.americanhelp.org

Thats where I got hooked up and took care of my student loans. I didnt get them fully paid off, but it took out a 40% chunk of it.

Good luck dude

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