Social Worker Student Loan Forgiveness
For many students, the time spent in college is a time of great personal growth. It’s also a time when they get to explore their passions and figure out what they want to do with their lives. For some, though, student loans can be an enormous financial burden that they struggle with even after finishing school. Luckily there are programs available that help social workers deal with high student loan debt while working in the field and making a difference in people’s lives.
Potential Loan Forgiveness Program
A potential loan forgiveness program for social workers is in the works. As of now, the Department of Education is still working out the details and requirements for this potential program, so nothing is set in stone yet. But if you’re interested in pursuing a career as a social worker and want to know how it could impact your education costs, here’s what you need to know about this potentially historic program:
- Qualifications
To qualify for student loan forgiveness through this program, you must meet all three of the following criteria:
- You have at least 1 year of full-time employment as a social worker after graduation from an approved school of social work (ASWS). This can include jobs like direct care staff in mental health settings or case managers who work with people who have disabilities or mental illnesses — basically any job where you’re helping people navigate their lives with whatever obstacles they face due to their circumstances.
- Your employer has been approved by ASWS (or another organization that agrees to accept applications from other employers). In other words, it has met certain standards required by ASWS and agreed upon by both parties involved in hiring qualified candidates who want student loan forgiveness through this program. If your employer does not meet these requirements when applying for approval from ASWS or another organization that deals directly with hiring professionals who qualify under their guidelines then their application will likely be denied immediately; therefore we strongly recommend reaching out ahead before accepting any offer letter just make sure everything checks out first!
Loan Forgiveness
With a loan forgiveness program, you can be eligible to have your student loans forgiven. Loan forgiveness is available only to those who are working in the social services field and have made 120 monthly payments on their federal student loans while they were working in this field. This means that saving for retirement or buying a house should not be your first priority when it comes to paying back your student loans.
The Social Worker Student Loan Forgiveness Program
The Social Worker Student Loan Forgiveness Program is a federal student loan repayment program for social workers. It can reduce your monthly payments, and it may also forgive your remaining debt after you’ve made 120 qualifying payments.
Social workers have an opportunity to participate in the Public Service Loan Forgiveness program (PSLF). However, not all student loans will qualify for PSLF due to the nature of the loans that are eligible. In addition, there are some eligibility requirements associated with this forgiveness program that must be met before eligibility can be claimed by a borrower applying for PSLF.
To apply for this loan forgiveness opportunity, you’ll need to meet certain criteria such as years of service at an approved public service organization; Direct Loans only; no defaulted loans; and college degree related to your field of study. If you meet these criteria then there’s no reason why you shouldn’t consider applying today!
A way to pay off student loans while working in the social services field
If you work in the social services field, there’s an opportunity to have your student loans forgiven. The Social Work Student Loan Forgiveness Program helps people pay off their student loan debt while working at a nonprofit or government agency.
The program is open to social workers who are:
- enrolled in an eligible master’s degree program and have been working for three years at a qualifying organization
- employed by one of these eligible organizations as a full-time employee for at least three consecutive months during the year prior to applying for forgiveness
Social work is an incredibly important profession, and we hope that this program will encourage more people to pursue this rewarding career path. While many social workers do not make a lot of money, they are able to live comfortably on their salaries because they can deduct many of their expenses from taxes each year. Social workers also travel frequently throughout the year due to the nature of their work which makes them eligible for mileage reimbursement as well!