Paying down your student debts might be easier if you qualify for one of these nine awards

To aid with college costs, even if you have graduated from high school, grants are an excellent option.

It’s possible to get rid of your student loan debt via several programs. There are several government and non-profit organizations that give these loans to students. Almost all of these choices need some kind of maintenance or repair work.

To assist students in paying off their student loans, the federal government offers nine financial aid programs.

You can determine whether you’re eligible for student loan repayment awards by looking at the nine instances listed below. Included in the divisions we’ve made are:

  • doctors, nurses, and other health care workers
  • serving military personnel and those who are still alive from their families
  • Lawyers
  • Farmers
  • Several other subjects of study aren’t limited to those in the STEM professions.

What Is Student Loan Bankruptcy?

It is likely that you have heard that student loans are not able to be discharged during bankruptcy. This is a falsehood. There is a possibility of getting student loans canceled in certain instances, but the standard is higher. In addition, the method is more complicated as compared to other kinds of debt. For more information check out BankruptcyHQ here.

The process of filing for bankruptcy to discharge student loans might become less difficult however, in the event that a bipartisan bill passes. A bill called Fresh Start Through Bankruptcy Act of 2021, introduced by Senators Dick Durbin (D.-Ill.) and John Cornyn (R-Texas), will allow students with government student loans apply for an exemption from bankruptcy for their loans for 10 years following the first loan payment is due.

It also makes it possible to keep the current unjustified hardship discharge option available on private student loans, and federal student loans that are in default for less than 10 years.

Loan Repayment Program for IVF and Contraceptive Research

To encourage individuals to engage in reproductive research, the U.S. Department of Health and Human Services offers student loan repayment incentives. The Contraception and Infertility Research Payback Program provides student loan repayment assistance of up to $50,000 per year.

Awardees must devote two years of research to studying contraceptives and infertility therapies.

  1. NIMH’s (National Institute of Mental Health) Loan Repayment Plan

To perform behavioral, social, or clinical research at a non-profit organization, NIMH funding is available to health care practitioners (NIMH).

If you’re a Ph.D. student, you can be eligible for a $50,000 annual prize.

  1. The Repayment Program for Nurse Corps Members

Up to 85% of nurses’ outstanding debts might be refunded under the Nurse Corps Loan Repayment Program of the HRSA (HRSA).

Registered nurses, nurse practitioners, and nursing professors must be in good standing in their fields to be considered. Applicants must be employed in a facility with a severe shortage of nursing personnel to be considered.

  1. There is a debt payback plan for primary care practitioners in Pennsylvania.

Repayment aid for medical professionals willing to work in underprivileged communities in Pennsylvania is available from $30,000 to $100,000.

A two-year commitment is required to be eligible for the Pennsylvania health care prize.

Whether or whether your state has a comparable program is immaterial.

  1. Repayment of Veterinary Medical Debt (VMLRP)

If you apply for financing from the National Institute of Food and Agriculture, your veterinary student loan burden might be reduced (NIFA). Up to $25,000 a year is provided for three years of labor in an impoverished region.

A minimum of $15,000 in student loan debt and a degree from an authorized veterinary medical institution are required to become a veterinarian.

Veterans and those who have lost loved ones while serving in the armed forces

  1. Financial aid for military service in Iraq and Afghanistan

A tax credit of up to $6,345 for student loan debt may be available to children of service members who died in Iraq or Afghanistan after September 11, 2001.

At the time of your parent’s death, you must have been under the age of 24 or enrolled in college at least part-time to be eligible for federal student aid.

Join the military as your parents did and discover whether you qualify for military debt forgiveness or repayment choices.

  1. For lawyers, this is a must-read.

Student Loan Forgiveness Program of John R. Justice

JRJ’s Student Loan Repayment Program may be available to public defenders and prosecutors in California. To help you pay off your school debts, this program offers a six-year opportunity to earn up to $10,000 a year.

To be eligible for the award, a Public Defender or State Prosecutor must commit to three years of service. Visit the website of the appropriate state agency to learn more about the regulations that apply to your location.

  1. about or relating to agriculture

New York State offers loan forgiveness incentives to aspiring young farmers.

Scholarships of $10,000 per year for up to five years are available for New York graduates who wish to work in farming and need to pay off their education loans. A bachelor’s degree from a New York college or university is required, and applicants must commit to running a farm in the state for at least five years.

You must apply within two years after graduating from high school to be eligible. Students’ federal and private student loans are also considered while determining eligibility.

  1. It’s vital to employ technology in STEM and other disciplines of work.

The ND Career Builders Scholarship and Loan Repayment Program come in at nine.

Cameron Battagler has a $30,000 student loan debt after he graduates from Valley City State University. College debt repayment programs allowed him to pay off his student debts two years early.

A few thousand dollars in grants helped Battagler pay off his student loans when he graduated from college. Although there’s a lot of money to go around, it’s often wasted.

Battagler got $1,500 a year from North Dakota’s now-defunct STEM Occupations Loan Forgiveness Program to pay off his school debts. Extra finances allowed him to reduce his payback period by several months to save him thousands of dollars in interest.

That program has supplanted the ND Career Builders Scholarship and Loan Repayment Program as it has a broader audience reach. There are more than 80 “high-need and developing” jobs in the state where student loan borrowers may be eligible for financial aid.

What other choices are there besides paying back student loans?

Paying down student loans is possible with grants received from various sources. For example, the Department of Health and Human Services has money available for this project, among other sources.

If you need help paying back your student loans, you may also be eligible for state-sponsored assistance. Financial support and incentives are offered to students who want to work in professions with a scarcity of people (such as engineering or health care), independent of governmental initiatives.

Some non-profits also provide financial aid to employees who work in certain professions. Debt management strategies might vary depending on your professional path.

Whether or not you must repay a grant is a matter of debate.

Because federal grants do not need repayment, the federal government is more likely to award them than private student loans.

However, specific grant programs contain restrictions that are tied to the grants. You may lose your budget entirely, or at the very least, you’ll have to repay part of the money you’ve already received.

There is a chance that you will not be able to get these monies.

Student debt forgiveness awards will have a cap on the number of applicants. There are just a few disciplines where repayment scholarships are available.

Other possibilities may still exist. Therefore this does not rule them out. Don’t give up even if you’re worried about your student loan debt.

Loan Forgiveness Programs for Public Employees.

The Public Service Loan Forgiveness program may cancel your student debts if you work in the public or non-profit sectors and are not eligible for grants. (PSLF). The Public Service Loan Forgiveness Program allows federal student debts to be forgiven after ten years of service in the government and timely payments (PSLF).

You may be able to save hundreds or even thousands of dollars if you choose this way over other debt-relief options that are taxed. PSLF’s drawbacks should be considered before embarking on this route.

Options for repayment according to your income.

Income-Driven Repayment (IDR) alternatives may be a possibility even if your current wage does not meet the repayments on your loans. It’s a total of four options to pick from.

Based on the borrower’s capacity to repay
Using Repayment of Earned Income as the Basis
Allow yourself some time and pay as you go.
The cost of revisions is billed on a per-page basis.

All plans are subject to the government’s restrictions on repayment terms and monthly payments, regardless of specifics.

Making a move to an IDR plan may result in considerable financial savings. You should keep in mind that interest accumulates throughout the loan, raising the overall cost.


Refinancing your debt may be an option if you don’t qualify for PSLF or IDR. You’ll get a new loan with new conditions when you refinance your student loans. An interest rate reduction, a more extended repayment period, or lower monthly payments may be possible.

Refinancing may be a reasonable alternative when it comes to long-term savings. Check out student loan refinancing savings and downsides using a calculator to discover how much money you may save by refinancing your student loans.