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Potentially-eligible positions include those in nursing, government, police, fire and social work.
Only payments made after October 1, 2007, qualify towards earning eligibility, so borrowers won't reach the 120-payment milestone to qualify for forgiveness until 2017.
Federal Direct Subsidized and Unsubsidized Loans – and Subsidized and Unsubsidized Federal Stafford Loans – may also be forgiven if you teach an understaffed subject such as math, science, or special education or work in a school in a low-income neighborhood.Click here for the latest details on these programs.For medical and nursing school graduates, working in underserved areas can qualify you for student loan forgiveness under state programs.Covered loans include Federal Direct Loans, Perkins Loans and Stafford Loans.By volunteering with the Peace Corps, 15% of your Perkins Loan balance will be forgiven for each year of service.
As with anything related to the federal government, the terms related to student loan forgiveness are subject to change.