I am happy to report that a few forward-thinking states are using student loan forgiveness programs as a way to encourage and incentivize people to seek tech-minded jobs. That means if you work in a STEM field after college, you may have the opportunity to pay off your loans with contributions from your state. Students get to pay off their loans sooner and states attract graduates who stay and work in important STEM jobs. Here are highlights of four innovative programs along with links to their websites for full details.
Note: Each state has specific eligibility requirements and deadlines to submit applications. Rhode Island: The state offers student loan reimbursement program, known as the Wavemaker Fellowship , for recent graduates — of any age — working in STEM and certain design fields in the region. The fellowship provides a tax credit to cover student loan debt for RI workers selected based on academic and career accomplishments related to STEM fields. To qualify, students must have completed at least two semesters of coursework at an eligible college or university within the state and must have maintained a minimum 3.
Students must agree to work full-time within the state in an engineering, science or technology field for one year in exchange for every year of scholarship funding received. Applicants who meet these qualifications will be considered based on the date their completed application is received by the North Dakota University System.
Applications will be accepted from May 1 through May Award recipients will be notified by July Applicants must re-apply annually for funding consideration. But very few know anything about them. And making mistakes with that much money could cost you just as much. Onward State. Still Owe on a Student Loan?
The last year has been quite a season of change in the student loan industry, including the fourth extension to freeze student loan payments. Both servicers and borrowers alike experienced its effects in , ranging from FAFSA application changes to Biden and Democratic lawmakers may need student loan forgiveness more than borrowers With the effects of the pandemic still taking its toll, the Biden administration announced that the student loan payment moratorium will be extended to May With the moratorium announcement, the issue of student loan forgiveness has been brought back into the forefront of public debate.
The extension enacted is a step in the right direction and will help many borrowers during these financially uncertain times. However, loan forgiveness needs to remain an important goal for President Biden and the American people.
Washington Post. But after Biden last week extended the pause on federal student loan payments through May 1, activists Is there a statute of limitations on student loan debt? Additionally, you may obtain a free copy of your report once a week through April at AnnualCreditReport. Editorial Policy: The information contained in Ask Experian is for educational purposes only and is not legal advice.
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