Many individuals who attend college take out student loans in order to afford the costs of tuition, course-related materials and other school expenses. While some work while enrolled in a bachelors degree program, others have full student loan repayments to contend with after graduation. However, the new Public Service Loan Forgiveness program established by the Obama Administration might help individuals erase their debt while working towards a fulfilling career.
Those who choose jobs that provide socially beneficial services such as nursing or social work, may find that their federal student loans are forgiven after a certain period working at this profession. The Indiana Daily News recently reported on students who are planning to become primary care physicians after graduation in order to be eligible for the program.
Many of these students found that their student loans were greatly reduced or eliminated by choosing to take their physicians qualifications and use them towards a greater social good.
Other individuals who are in the midst of their studies at an online college may want to consider their career goals and how their occupation can help them take care of student loans once they enter the workforce as a qualified employee.