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Michigan Social Work Resources

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Funding and Loan Forgiveness for Social Work Related Positions

 

students.gov, is a comprehensive information portal providing answers to questions on education, career, government and more.

http://www.students.gov/STUGOVWebApp/index.jsp

Federal Government Loan Forgiveness Programs

http://www.finaid.org/loans/forgiveness.phtml

 

http://nhsc.bhpr.hrsa.gov/jobs/#lr

Perkins loans and Stafford Loans can be cancelled for full-time service as a teacher in a designated elementary or secondary school serving students from low-income families, special education teacher (includes teaching children with disabilities in a public or other nonprofit elementary or secondary school), qualified professional provider of early intervention services for the disabled, teacher of math, science, foreign languages, bilingual education, or other fields designated as teacher shortage areas, employee of a public or non-profit child or family service agency providing services to high-risk children and their families from low-income communities, nurse or medical technician, law enforcement or corrections officer, staff member in the educational component of a Head Start Program, service as a Vista or Peace Corps Volunteer and service in the Armed Forces (up to 50% in areas of hostilities or imminent danger).

See also the US Department of Education's pages on Cancellation/Deferment Options for Teachers and Cancellation for Childcare Providers.

The Federal Student Loan Repayment Program allows federal agencies to establish loan forgiveness programs to help recruit and retain employees. This is technically a loan repayment program and not a loan forgiveness program, as the agencies make payments directly to the loan holder and the payments represent taxable income to the employee. The agencies can repay up to $10,000 in Federal student loans per employee per calendar year, with a cumulative maximum of $60,000 per employee. Employees must agree to work for the agency for at least 3 years. For more information, see the Student Loan Repayment Program FAQ. This program is authorized by 5 USC 5379 (alternate link) and 5 CFR 537. Federal Employee Student Loan Assistance Act (P.L. 108-123, 11/11/03) increased the repayment limits to $10,000 per employee per year and $60,000 per employee cumulative. (The federal government's jobs site is located at www.usajobs.opm.gov. They also have a site focused on jobs for recent graduates.)

Child Care Provider Loan Forgiveness Program

You might be able to have a portion of your undergraduate FFEL or Direct Stafford Loan forgiven if you are a child care provider.

http://studentaid.ed.gov/PORTALSWebApp/students/english/childcare.jsp?tab=repaying

 

http://www.studentaid.ed.gov/students/attachments/siteresources/childcareinfo.pdf

 

Loan Cancellation/Forgiveness/Discharge

Under certain circumstances, your student loan, or a portion of your loan, may be cancelled, forgiven, or discharged (in other words, you won't have to repay it).

 

http://www.mapping-your-future.org/paying/loanForgiveness.htm

 

 

Cancellation Condition

Federal Stafford Loans*

Federal Parent Loans for Undergraduate Students (PLUS)

Federal Perkins Loans

Federal Consolidation Loans**

Child Care Provider

X

 

 

 

Closed School

X

X

X

X

Death

X

X

X

X

Disability

X

X

X

X

Education Component of Head Start Program Staff Member

 

 

X

 

False Certification

X

X

 

X

Law Enforcement or Corrections Officer

 

 

X

 

Nurse or Medical Technician

 

 

X

 

Professional Provider of Early Intervention Services for the Disabled

 

 

X

 

Public or Non-Profit Child or Family Services Agency Employee

 

 

X

 

Teacher Forgiveness

X

 

X

X

U.S. Armed Forces

 

 

X

 

Unpaid Refund

X

X

 

 X

Vista or Peace Corps Volunteer

 

 

X

 

* Subsidized and unsubsidized Federal Stafford Loan Cancellation and Federal Consolidation Loan eligibility is the same for the Federal  Family Education Loan Program and the Federal Direct Loan Program.
**It is possible that only a portion of the Consolidation Loan may be eligible for cancellation, forgiveness, or discharge.

 

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