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Cienna

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  1. Upvote
    Cienna reacted to ElKel87 in Student Debt   
    @jpiccolo For loan forgiveness, it actually doesn't need to be in the same school for 10 years or even in a school at all. It just needs to be in an area of public service for 10 years. So any nonprofit (like a nonprofit hospital) or government organization (like the VA) would qualify. You can move around between jobs as long as they all qualify as "public service" and it's 10 uninterrupted years. And you need to make regular monthly payments during those 10 years. So basically you set yourself up with the income based repayment plan, which usually allows you the lowest possible payment per month, and then after 10 years (and I assume a good amount of paperwork) the balance on your loans can potentially be forgiven. The law was signed in I think 2007 or 2008 so, because of the 10 years stipulation, the first person to qualify for the program won't be eligible until this year or next.
    Sorry for the long winded post, I've been doing a lot of research into loans to keep myself busy while I wait for decisions 
    Here's a link with more info in case anyone else is interested!
    https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/public-service
  2. Upvote
    Cienna reacted to twinguy7 in Student Debt   
    @slpfall14 @Allegro8032 @ElKel87 @jpiccolo
    Most people seem to not know about the 5 year loan forgiveness program for SLP's in schools. Here is the summary for qualifications:
    Teacher Loan Forgiveness
    The Teacher Loan Forgiveness Program is intended to encourage individuals to enter and continue in the teaching profession. Under this program, if you teach full-time for five complete and consecutive academic years in certain elementary and secondary schools and educational service agencies that serve low-income families, and meet other qualifications, you may be eligible for forgiveness of up to a combined total of $17,500 on your Direct Subsidized and Unsubsidized Loans and your Subsidized and Unsubsidized Federal Stafford Loans. If you have PLUS loans only, you are not eligible for this type of forgiveness.
    Here is the site:
    https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/teacher
    SLP's qualify under Special Ed teachers.  As long as your in one of the qualified low income districts, all you need to do is fill out the paperwork at the end of the 5 years and they will forgive up to $17,500.  
    Just another option, I know the 10 year program forgives the entire debt remaining so this option is better for people with like $40k in debt or less probably.
  3. Upvote
    Cienna reacted to smslp in Speech Pathology Program online   
    I am definitely biased, but would have to say the University of Wisconsin-Eau Claire!    I love the faculty and overall program.  So happy to be a part of their 2nd online cohort!
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