Stafford Loan Forgiveness for Legal and Medical Studies

July 18, 2013 by  
Filed under Loan Forgiveness Info

Are you studying to become attorneys or advocates to serve the non-profit organizations or you want to work for the well being of society? Then just relax! Your institutions will give you the Stafford loan forgiveness for legal studies. The students of law learn numerous subjects in their law school. For instance, if the legal students are learning the law enforcement, parole, or probation, they may apply to get the Micheal Murphys Loan and thereby they will get the chance to work for one-fifth in the year as the State Trooper.

The same happens with the doctors, registered nurses as well as the medical students. The U.S. Department of Health and Human Sources provide the physicians and the certified nurses with the Stafford loan forgiveness. The doctors are offered the special consideration by the National Health Service Corps program. The Nursing Education Loan Program gives the nurses, who have proper licenses, the loan forgiveness. But there is one condition for this loan forgiveness. And that is, the physicians as well as the nurses should have completed their respective work for some years in such a region, which has no doctor and lacks the appropriate medical care. These regions also include the areas which are remote and which economically are not sounded.

The loan reimbursement program of US National Institutes of Health pays the Scientists at most $35,000 to repay the loan. However, in such cases, they have to be the citizens of the US and they have to carry out clinical medical investigation in US as well. A lot of hospitals as well as private clinics employ medical students as physical therapists or doctors so that they are excused from refunding the loan. The veterinarians, who promise to work for three years in an area that lacks the veterinary, are provided with the loan forgiveness of $25,000 per year for those three consecutive years. And US Department of Agriculture’s Veterinary Medicine Loan Repayment Program or in short VMLRP offers this loan forgiveness.

If you live in California, then the Office of Statewide Health Planning and Development can give you the loan forgiveness. Other states in the US have the same type of programs. The medical schools are provided with a lot of loans refunding programs that are:

  1. Disadvantaged Health Professions Faculty Loan Repayment Program
  2. US Air Force, Army, and Navy Financial Assistance Programs
  3. Indian Health Service or IHS Loan Repayment Program
  4. The Nicholas J. Pisacano MD Memorial Foundation Inc. offers mercy on your loan by the American Academy of Family Physicians Foundation program.
  5. The NIH institute carries out several programs for loan settlement to students, such as, NIH Clinical Research Loan Repayment Program as well as NIH General Research Loan Repayment Program.
  1. The American Association of Medical Colleges or AAMC keeps a record of state along with other loan refunding programs for the students of the medical schools.