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Aside from what is known as student loan discharge, there is another way in order to avoid paying student loans. This is called student loan forgiveness. A student may be able to use student loan forgiveness provided that he met the requirements specified and met the qualifications as well. Here is a list of ways when a student can be qualified for a Forgiveness Precessing student loan forgiveness:

 

A student who performs volunteer work which is included in the list specified by student loan forgiveness program can be qualified for this program. If a student worked in the army for a minimum of one year, then he will be given money which he can use to pay the amount he loaned as a student. He can receive up to 70% of the amount he loaned. The amount of money he can receive will depend on where he serves and how long served. Some volunteer work may be able to reward the student for up to $10000 in order to pay their loans.

 

Students who worked as teachers are also qualified for the student loan forgiveness. For the first two years serving as teachers in low-income areas, he can receive 15% of the loaned amount. If you continue to serve up to 3-4 years, he can be forgiven 20 percent. For the 5th year, he can be forgiven 30 percent of the loaned amount.

 

Workers on health industries such as nurses and doctors can choose from several student loan forgiveness options. Those doctors and nurses who worked in low-income areas are the ones who are qualified for these programs. This is to encourage doctors and nurses to work in these areas.

 

For other colleges, students studying laws are qualified for a student loan forgiveness. However, there are certain states or colleges which only give this kind of benefits to students who studied certain fields.

 

The main purpose of the student loan forgiveness programs is to reward professionals who want to serve for the less fortunate or for the government. Because only a few people would want to serve in this fields, such reward will urge the students to serve on those areas or fields. This is also to encourage individuals to have compassion on serving the poor or the country. Because they're willing to sacrifice, a good amount of money will be given to them so will be relieved from their loans. Visit www.forgivenessprocessing.com/ to know more. 

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Learn more about studen loan forgiveness at http://www.ehow.com/video_4756442_get-student-loan-forgiveness.html.