Funding and Loan Forgiveness for Social Work Related Positions
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providing answers to questions on education, career, government and more.
Federal Government Loan Forgiveness Programs
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.
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