Loan Forgiveness Programs

Loan Forgiveness and Repayment Programs

There are alternative methods to paying student loans back. Be sure to check out these programs and your employer to see if there are any programs you are eligible to participate. 

Public Service Loan Forgiveness

If you are employed by the U.S. government (federal, state, local or tribal) or not-for-profit organization, you might qualify for PSLF. Requirements include having direct loans, using an income-driven repayment plan, and making 120 qualifying payments. Forgiven amounts are not considered taxable income. Learn more about eligibility and application details from Federal Student Aid. 

Employer Loan Repayment or Tuition Reimbursement

Many employers offer benefits like student loan repayment or tuition reimbursement to attract and retain talent. When job hunting, look for companies that provide these options. Check the program requirements carefully before enrolling. 

Check out MUSC's Registered Nurse Loan Repayment Program.

Examine the CDC's Educational Loan Repayment Program for Health Professionals. 

Research Health Resources and Services Administration Faculty Loan Repayment Program for those who become faculty.  

Investigate National Health Service Corps Loan Repayment Program, Substance Disorder Workforce Loan Repayment Program, Rural Community Loan Repayment Program, and Students to Service Loan Repayment Program. 

Explore Nurse Corps Loan Repayment Program. 

Examine VA Employee Loan Repayment Resources, including Specialty Education Loan Repayment Program (SELRP). This program has both repayment and reimbursement for VA employees. You do not need to be a member of the military to receive these. 

South Carolina Loan Repayment Programs

Examine South Carolina's Rural Physician Incentive Grant Program for MDs, APRNs, and PAs. 

Explore South Carolina's AHEC Resident Enhanced Rural Incentive Grants for MDs, NPs, and PAs. 

Investigate South Carolina's AHEC Rural Dentist Program.