Best answer: Do medical assistants qualify for student loan forgiveness?

Perkins Loan Forgiveness for Nurses, Licensed Medical Technicians and Medical Assistants allows full-time Nurses and Licensed Medical Technicians to receive student loan debt forgiveness benefits on a percentage of their outstanding principal balance and interest accumulation for each year of qualifying service that …

Is there student loan forgiveness for medical assistants?

Nurses and medical assistants who receive a federal student loan may qualify for the Public Service Loan Forgiveness Program (PSLF), which means that they get forgiveness on their outstanding student loan debts after 10 years.

What jobs are eligible for student loan forgiveness?

Public Service Loan Forgiveness (PSLF) is a federal program that forgives student loan debt for borrowers who work for a government or non-profit employer. This includes teachers, firefighters, nurses, military members and other public service workers.

Are hospital workers eligible for student loan forgiveness?

Many Healthcare Workers Are Eligible for Federal Student Loan Forgiveness. If you are a healthcare worker, you may qualify for federal student loan forgiveness. Student loan forgiveness programs can provide significant debt relief.

How do I know if I have a Perkins loan?

The longest repayment term for Perkins loans is 10 years. If you’re not sure if you have a Perkins loan, you can learn more about what type of loan you have through the U.S. Department of Education’s Federal Student Aid website. Through this website you can access information about your federal student loans.

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What will happen to student loans in 2021?

We’re almost to the end of 2021, and there is no legislative or executive plan to broadly forgive federal student loan debt. The most recent update was at the end of October from Education Secretary Miguel Cardona, who said the Biden administration continues to examine broad-based loan forgiveness.

Do nurses qualify for student loan forgiveness?

Nurses who work for a nonprofit or the government may qualify for Public Service Loan Forgiveness. You don’t have to be a certain type of nurse to be eligible for PSLF, i.e., a registered nurse or a nurse practitioner. Your employer qualifies you for the program, not your job.

Is nelnet a federal loan?

Nelnet is a federal student loan servicer working on behalf of the U.S. Department of Education, the government agency that lends you or your child student loans. A loan servicer acts as the customer service provider for the loans that the Department of Education lends to borrowers.

How do I get rid of my Perkins loan?

To receive a cancellation, you must be directly employed by the school system. There is no provision for canceling Federal Perkins Loans for teaching in postsecondary schools. Note that you also qualify for deferment while you’re performing teaching service that qualifies for cancellation.

Is a Perkins loan unsubsidized?

Unsubsidized Stafford loans are available to all students regardless of financial need. Perkins loans are awarded to students exhibiting exceptional financial need.