Repay Your Education Loans and Feel Good About It
If you are a recent, qualified, graduate, you may be able to sign up for the Teach for American program, and receive a monetary award that can be put towards your current student loans. This program is part of the AmeriCorps service network that helps to connect graduates with underprivileged students.
Those that are accepted into the Teach for America program will be placed within a rural or urban setting. After two years of service, those that successfully participate in this program will be eligible to receive loan forbearance as well as some interest payment on certain loans.
The Teach for America program works on a bonus situation. Basically, you get a monetary award at the end of each year of the two year commitment. Currently, that award is a total of roughly $9,600 to be applied to your loans.
The goal of the program is to create a win-win situation. It puts highly educated individuals where they are needed and gives needy communities a step up in the teaching arena. The biggest issue for most potential applicants are their qualifications.
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.
Currently, the trend is to place applicants in urban areas of need. These range from cities like Baltimore in the east to Los Angeles in the west. There are, in truth, cities in need of teachers across the nation, so you could end up anywhere.
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?
The biggest complaint of most college graduates is they feel like they are no longer making a difference. Well, Teach for America gives you a chance to avoid that issue and pay down your student loan debt. How could you possible resist?
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