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- Loan Forgivness
There are various loan forgiveness programs available for student who have borrowed Federal Student Loans. Below is a list of program Southwestern College graduates can qualify for after graduating and obtaining their professional licenses.
Loan Forgiveness Programs
Public Service Loan Forgiveness
The Public Service Loan Forgiveness program will forgive the remaining balance on your Federal Direct Loans after you have made 120 qualifying monthly payments. To qualify for this program, you must have borrowed under the William D. Ford Federal Direct Loan Program or consolidated your Federal Family Education Loans and Federal Perkins loan into a Direct Consolidated Loan, be on an income-driven repayment plan, and work for a qualifying employer.
Loan Forgiveness and required service commitment: Remaining loan balance after 120 payments and 10 years of service
National Health Service Corps
The National Health Service Corps offers loan repayment assistance to support qualified health care providers. To qualify for this program, you must: be a U.S. Citizen or U.S. National, be in an eligible discipline and primary care specialist, have unpaid federal or state loans, and work at a National Health Service Corps approved service site.
Loan Forgiveness and required service commitment: $50,000 for an initial two-year service
Indian Health Service
The Mission of Indian Health Service is to raise the physical, mental, social, and spiritual health of American Indians and Alaskan natives to the highest level. To qualify for this program, you must be a U.S. Citizen, be a licensed health care professional serving the American Indian and Alaskan Native Community.
Loan Forgiveness and required service commitment: $40,000 for an initial two-year service