The Secret Student Loan Repayment Program

You have received your first student loan payment invoice and nearly fainted. How am I going to pay for this? Well, why not teach? Through a program offered by AmeriCorps, you can teach in exchange for paying down student loan debt.

If you get in to the AmeriCorps program, you will be sent to a rural or urban location where you will teach. In exchange, you get automatic forbearance on your loans and additional money to be applied to their repayment.

The specific situation is easily amended, but the latest figures show a nice bonus. If you are new to the program, you can receive an award of nearly $ 4,800 at the end of each year to apply to your loans. That means roughly $ 10,000 paid towards your debt for the two years of service.

Teach for America hopes to end educational inequality through placing qualified graduates within certain education systems. In addition to recent graduates, this program also includes highly trained professionals from all types of academic backgrounds. Do you qualify for this program?

Surprisingly, Teach for America is not interested solely in those with an education background. This program seeks recent graduates from all types of disciplines. If you are accepted into the program, you will be placed in various cities and states depending upon where you are needed the most.

Many candidates are often placed in Atlanta, Baltimore, Chicago, Houston, Los Angeles, New Jersey, New York City, Phoenix, and many more cities that are in need of good teachers. Even if you have no previous education training, you can still help to impact many young lives.

Every so often, a quasi government program actually seems like a good idea. Teach for America is one such program. You can take a bite out of your student loan debt while doing something that is truly valuable and needed. How rare is that?

If this program sounds appealing to you, head to the Teach for America site to apply. Once you are placed within a specific region, you will start to earn money towards those loans, gain a decent salary, and begin impacting the future of America through your good works.