For any social worker who has federal student loans, you’re eligible for the Public Service Loan Forgiveness program: After 10 years of full-time employment with a government or nonprofit organization. After making 120 qualifying monthly payments under a qualifying repayment plan.
Simply so, can I cancel my Perkins Loan?
Applying for Cancellation or Discharge
Application for cancellation or discharge of a Perkins Loan must be made to the school that made the loan or to the school’s Perkins Loan servicer. The school or its servicer can provide forms and instructions specific to your type of cancellation or discharge.
Besides, how much student loan debt do social workers have?
The average MSW leaves their graduate program with more than $30,000 in student debt, and graduates from undergraduate programs are leaving their schools with an average of $29,000 in debt – meaning most starting social workers are attempting to repay upward of $60,000 in debt on the average starting salary of $41,000.
Will student loans be forgiven for healthcare workers?
The AAMC has endorsed the Student Loan Forgiveness for Frontline Health Workers Act , which would provide student loan forgiveness to health care workers on the front lines of the COVID-19 pandemic.