Tuition Savings Idea
I came across some information on a tuition forgiveness program for teachers and other state programs.
The Federal Teacher Loan Forgiveness Program is intended to encourage individuals to enter and continue in the teaching profession. Under this program, individuals who teach full-time for five consecutive complete academic years in certain elementary and secondary schools that serve low-income families and meet other qualifications may be eligible for forgiveness of up to a combined total of $5,000 ($17,500 for certain highly qualified secondary math and science teachers, and elementary and secondary special education teachers)in principal and interest of their Direct Loan and/or Federal Family Education Loan Programs (FFELP) loans.
Additionally, here is a list of loan forgiveness programs by state.
Even if you are not a teacher, you get the general idea that this field is in need and that could assist you paying for a particular career field. At Kansas State University, the Veterinary Training Program for Rural Kansas offers after graduation, $20,000 worth of educational debt is forgiven for every year up to four years that these new graduates practice in rural Kansas.
And don't forget, you do not have to go into debt to attend college. There are options like College of the Ozarks, aka, Hard Work U where you work at the college for tuition. Of even greater help is getting some budget training, you will be surprised where your money really goes.
Photo credit: Delta Niner
Labels: college, hack, money saving tip
Posted By: Joe on Wednesday, July 23, 2008
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