Friday, June 17, 2016

Student Loans and You


Meet Maria! How did Maria pay off both undergraduate and graduate school loans in just 5 years?

Maria used her career as a teacher to help pay off her loans. She has been fortunate enough to become loan free at the age of 28!  Maria attended Duquesne University for her Bachelors in Science in Education and Boston College for her Masters in Education in 2010.  Fortunately enough, Maria did attend both colleges with scholarships which helped lessen the amount of loans she attained once she graduated.  Once graduated, Maria taught in a charter school in Philadelphia for five consecutive years.  Maria was a special education teacher at a low-income school which qualified for Student Loan forgiveness.  

Did you know if you teach special education at a Title I school and/or low-income school you can receive $17,500 credit on your Stafford Loans?  If you teach general education at a Title I, low-income or private school, you could receive up to $5,000 credit on your Stafford Loans.  Stafford loans are not the only loans forgiven, but if you have Perkins loans, you can also be awarded forgiveness. Check out the following website for more information: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/teacher

Thanks for this great tip Maria! How about you? Has anyone else studied in a field offering loan forgiveness? Startnoo wants to know!

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Sasha Losow

Author & Editor

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