Loan Forgiveness Programs Expanding
When students graduate with a bachelor’s degree sometimes they find it difficult to pay those loans back. Graduate or professional level students often have an even higher student loan bill looming in the distance. So it’s not surprising that graduates would look for loan forgiveness programs.
Traditionally there have been teacher loan forgiveness programs. That is graduates who took out certain types of loans can get a part of their loan forgiven (so that they don’t have to pay it back) if they work as a K-12 teacher for a certain number of years. Individual school districts with teacher shortages or with a higher risk population may also have teacher loan forgiveness programs.
Loan forgiveness for doctors, nurses and others in medical professions can also be found. This week Inside Higher Ed presents an article on Loan Forgiveness, Beyond Law and Medicine. Now it looks like loan forgiveness programs are expanding into other areas besides these traditional ones.