Student loan forgiveness/public service/work abroad?
I am a teacher looking to take advantage of the new public service forgiveness program recently signed into law. But I am currently teaching abroad in a third world country. Will I HAVE to return to the U.S. in order to take advantage of forgiveness programs?
I don’t think it is the case that loans must be payed back in 10, I have 30 years.
Probably.
Not to mention make 120 regular payments on a regular 10 year payment plan and if you did a consolidation loan, you did it with the correct program.
Hint: all federal loans are put on a 10 year payment plan and should be paid off by then. If you defer, those don’t count as regular payments…. so I’m scratching my head wondering if ANYONE would actually qualify for this. … It even says this in the first brochure under “Caution”. Your tax dollars at work folks.
Here are what the Dept of Education Considers public Service jobs…
Public Service Jobs: Eligible public service jobs are full-time jobs in the following fields:
• Emergency management
• Government
• Military service
• Public safety
• Law enforcement
• Public health
• Public education (including early childhood education)
• Social work in a public child or family service agency
• Public child care
• Public service for individuals with disabilities
• Public interest law services (including prosecution or public defense or legal advocacy in low income communities at a nonprofit organization)
• Public service for the elderly
• Public library sciences
• School-based library sciences and other school-based services
• Certain tax-exempt organizations
• Faculty teaching in high-needs areas, as determined by the Secretary
• Full-time faculty member at a Tribal College or University
