Borrowing Money for School

Guide to Student Loan Forgiveness Programs for School Counselors

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In Brief...

If you enjoy serving the community and aiding students in fulfilling their educational potential, then enrolling in a school counselor and student loan forgiveness program may be the answer for you. Moreover, the NACAC's efforts are essential in supporting the loan forgiveness program, which is key in fostering the following benefits to school counselors: When school budget resources are minimal, school counselors will have the ability to make tax-deductible purchases for school materials. The U.S. Secretary of Education allows public service employees to waive the balance of their loan, provided that they've made on-time payments for 10 years. If you are a school counselor, or at least considering this type of career, there are great programs available to assist you in student loan forgiveness once you have completed your educational requirements. Also, the school counselor must work in a low-income community to become eligible. According to the U.S. Department of Education, school counselors must be employed by the following entities: However, in order to be eligible, school counselors are required to work at least 30 hours per week, or at least at an average of 30 hours within a 8 month period. If you are interested in becoming a school counselor, then this program serves as an added benefit, especially if you are still stuck paying on student loans.

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