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.

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Secondly, can social workers get student loan forgiveness?

These recommendations, submitted by CASW in August 2018, led to the successful inclusion of Recommendation 58 in the Standing Committee on Finance’s December 2018 report to provide forgiveness for the federal portion of student loans for social workers who practice in rural and remote settings.

Correspondingly, do student loans go away after 7 years? Student loans don’t go away after 7 years. There is no program for loan forgiveness or loan cancellation after 7 years. However, if it’s been more than 7.5 years since you made a payment on your student loan debt and you default, the debt and the missed payments can be removed from your credit report.

Consequently, how do I know if my employer qualifies for loan forgiveness?

Regardless of whom you work for, the best way to determine if your employer is eligible for PSLF is to submit an employer certification form. Borrowers who complete the employer certification form will receive a count of the number of qualifying payments they have made towards the required 120.

How long do you have to work for the government to get student loan forgiveness?

10 years

What employers qualify for loan forgiveness?

Qualifying PSLF employers include:

  • Any local, state, federal or tribal government organization.
  • Not-for-profit organizations that are tax-exempt under Section 501(c)(3) of the Internal Revenue Code.
  • Certain not-for-profit organizations that aren’t 501(c)(3) with qualifying public service as their primary purpose.

What is the highest paid social worker?

Highest Paid Social Workers

Job Title Median Salary Career Outlook
Child, Family, and School Social Workers $48,430 14%
Healthcare Social Workers $58,470 20%
Mental Health and Substance Abuse Social Workers $49,630 19%
All Other Social Workers $60,900 8%

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