Can healthcare workers get their student loans forgiven?

How Does Student Loan Forgiveness Work for Healthcare Workers? Like other public service employees, healthcare providers who work at nonprofit or government organizations can qualify for Public Service Loan Forgiveness. You can also sign up for an income-driven repayment plan to pay off your federal loans.

What jobs are eligible for student loan forgiveness?

Which Jobs Qualify for Public Service Loan Forgiveness? Public Service Loan Forgiveness (PSLF) is a federal program that forgives student loan debt for borrowers who work for a government or non-profit employer. This includes teachers, firefighters, nurses, military members and other public service workers.

Is there really student loan forgiveness?

The answer: Yes! However, there are very specific eligibility requirements you must meet to qualify for loan forgiveness or receive help with repayment. Loan forgiveness means you don’t have to pay back some or all of your loan.

How do I know if my employer qualifies for loan forgiveness?

Regardless of whom you work for, the best way to determine if your employer is eligible for PSLF is to submit an employer certification form. Borrowers who complete the employer certification form will receive a count of the number of qualifying payments they have made towards the required 120.

Will student loan forgiveness be available for medical students?

This bill would establish a federal and private student loan forgiveness program for loans used to receive medical and professional training (e.g. medical school, nursing school, etc.).

How can I get a loan forgiveness for a doctor?

Loan forgiveness for doctors typically requires agreeing to practice in the public sector, an underserved area or a Health Professional Shortage Area for a number of years. You can search for underserved areas and Health Professional Shortage Areas on the Heath Resources & Service Administration website.

Should you work in a service job for student loan forgiveness?

To qualify for loan forgiveness, you must first make 120 payments—10 years of payments. If you think working in a service job in a health field is right for you, you can start your financial planning for school with this option in mind.

Do healthcare workers get loan forgiveness?

There’s no guarantee of loan forgiveness if you enter a particular profession, but healthcare workers in specific fields who are in short supply may have an edge. Loan forgiveness for allied healthcare professionals is possible for, but not limited to: