Repayment Benefits of a College Perkins Loan Knoxville TN

Repayment Benefits of a College Perkins Loan

Owing money on a student loan can be a burden, but if you took out a Perkins Loan, you may be able to pay it off without a dime coming out of your own pocket! Some employers may pay off your loan (or at least part of it) and depending on what you do for a living, you may be able to have your debt “forgiven” altogether. Not everyone who takes out a Perkins Loan is eligible for this benefit, but it might be an option for you. Make sure to check out whether or not you can benefit from this great opportunity!

The Department of Defense
If you enlist in the Armed Forces, you may be able to negotiate a repayment agreement as part of your enlistment contract. In exchange for your service in specialty areas of the U.S. military, the Department of Defense may repay some or all of your Perkins Loan for you. If you have questions or aren’t sure if you qualify, contact your local recruiting office for more details. 

The Department of Health and Human Services
If you’ve moved on to a career in nursing after graduation, you may be eligible for repayment of your Perkins Loan through the Department of Health and Human Services Nursing Education Loan Repayment Program. This benefit is sometimes offered as a hiring incentive for nurses willing to work in eligible facilities, many of which are located in areas experiencing nursing shortages. Further information on this repayment program can be found at www.bhpr.hrsa.gov/nursing...

Author: Alan Frost

2009 Peterson's, A Nelnet Company. All Rights Reserved

Click here to read more from Petersons