You live in one of the most wonderful states of America, enjoy sunshine and nature. But there is no anything like student loan bill that could ruin your day, right? There is a wide range of student loan forgiveness programs which you can take the benefit of them to get rid of your massive student loan debts. If you live in Florida, there are also some kinds of student loan forgiveness programs which are only specific for Florida. In this post, we will give detailed information about Florida Student Loan Forgiveness Programs. We will guide you on how to apply them, what are the eligibility criteria, etc. Most of general student loan forgiveness programs are available all over the United States. On the other hand, some of them such as Florida Student Loan Forgiveness Programs may demand specific requirements to qualify.
Which student loan forgiveness programs are available in Florida?
If you live in Florida, there are primary two student loan forgiveness program which offers excellent opportunities. By scrutinizing the qualification requirements, and filling out your application for the Florida Student Loan Forgiveness Programs, it will not be surprising that you can get rid of your outstanding student loan debts. If you get lucky, you are also able to receive some reimbursement on the amount that you have already paid on your student loans. This Loan Forgiveness program consists of two different programs below.
Nursing Student Loan Forgiveness Program (NSLFP)
This type of student forgiveness program was created in 1989 in the purpose of encouraging the nurses to find a job in underprivileged fields. At first sight through the website, you may think that it has not been updated since it established, Florida Nursing Student Loan Forgiveness Program has very cool benefits. To qualify for the Florida Nursing Forgiveness Program, you have to meet the following requirements.
- You have to hold the license which verifies that you are a practical nurse(LPN)
- You must be a registered nurse (RN)
Or you have to be an advanced registered nurse practitioner (ARNP). Besides all of these, you also must be a medical employee who works full-time at a “designated working area” in the state of Florida. According to the Section 1009.66, Florida Statutes, the “Designated employment site” includes the field such as state-operated medical and health care facilities, Federally sponsored community health centers, County health departments, Public schools, and specific teaching and children hospitals.
By applying for the Nursing Student Loan Forgiveness Program, you are going to be qualified for up to $16000 a year as a loan repayment support over four years. One more good news about Florida Nursing Student Loan Forgiveness Program is that any amount of forgiveness you receive is considered tax exempt. It means that you are not required to pay income tax on your student loan forgiveness.
If you need more information or if you have any question about the Florida Nursing Student Loan Forgiveness Program, you may contact the Florida Department of Education. (Phone number: 1-800-366-3475)
Florida Bar Foundation Loan Repayment Assistance Program (LRAP)
If you are a lawyer or work at any level legal aid staff, you can apply for Florida Bar Foundation Loan Repayment Assistance Program. This program allows you to receive $5000 each year if you keep going to work as a legal employee. Florida Bar Foundation Loan Repayment Assistance Program was created in the purpose of encouraging people to work at legal service organizations and expand recruitment. Also, it is intended to assist legal aid staff who find it challenging to make repayment on their loans. Florida Bar Foundation Loan Repayment Assistance Program allows receiving the loan forgiveness annually if you keep working full-time or part-time ( minimum 50%FTE) for a year at any organization which is supported and funded by a Foundation.
You can find more information about application procedures available at the official website of the Florida Bar Foundation.
Additional options to receive student loan forgiveness in Florida
These two student forgiveness programs listed above are available for only the people who live in the state of Florida. However, there are a couple of alternative student loan discharge programs which is commonplace in the US. It worth to take time and effort to apply them to get rid of your massive debts and become debt-free. Here is a list of the alternative Florida Student Loan Forgiveness Programs.
Teacher Loan Forgiveness Program
Teacher Loan Forgiveness is created and supervised by the US Department of Education. The program allows you to get forgiveness up to $17.500 on your massive student loan debts. However, to be eligible, you have to meet the following requirements. You have to
- Working as a teacher in public schools or educational agency for low-income families, at least five consecutive academic years.
- The teacher who has a bachelor degree is classified as “qualified teachers.”
The amount of forgiveness you could receive may vary depending on some special conditions. The standard amount of debt relief which the Teacher Loan Forgiveness Program offer is $5000. But if you teach secondary mathematics, science or you are specialized in special education, and this amount could be up to $175000.
National Health Service Corps Loan Repayment Program (NHSC LRP)
Another type of Loan Forgiveness program is the National Health Service Corps Loan Repayment Program. It gives the healthcare employees an excellent chance to receive student loan forgiveness the amount up to $50000 on their debts. To qualify for the National Health Service Corps Loan Repayment Program, you are required to meet the following criteria:
You must be an employee who works as a primary care provider in medicine, mental health or dentistry.
In addition to this, you have to work at least two years at any field determined as NHSC-approved site.
On more good news about this program is that if you are eligible, the program will provide forgiveness for any student loans obtained during your education. It includes private student loans also.
Public Service Loan Forgiveness (PSLF)
If you think that you are not eligible for any of these student loan forgiveness in Florida, then you have one more option.
One of the other alternatives of Florida Student Loan Forgiveness Programs is the Public Service Loan Forgiveness program. It is considered almost the most popular one among the other forgiveness programs. PSLF allows people who work for the government or not-for-profit agencies. By applying Public Service Loan Forgiveness, you can get 100% student loan forgiveness. To be eligible for the program, you have to meet the following requirements:
- You have to work for any government institution or non-profit organization full time ( at least 30 hours per week)
- You must make at least 120 regular payments (10 years) on your student loan during 15 days of due to the date
- You must hold Federal Direct loans ( if you have other types of loan you should make it Direct Consolidation Loan)
- You have to enroll in an Income-based Repayment Plan
If you think you are qualified for any of these Florida Student Loan Forgiveness Programs, then there is nothing stops you to submit your application today. However, it worth to notice that you have to pay attention to use official source while sending your request for the Florida Student Loan Forgiveness Programs. Today, there many student loan forgiveness scams and you would not tap into it, of course.