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by: DavidGibson
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There must be some better way to attack student loan debt, right? Well, how about something novel? The Teach for America program through the AmeriCorps service gives you money to apply to student loan debt in exchange for your time.
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 specific situation is easily amended, but the latest figures show a nice bonus. If you are new to the program, you can receive an award of nearly $4,800 at the end of each year to apply to your loans. That means roughly $10,000 paid towards your debt for the two years of service.
Teach for America hopes to end educational inequality through placing qualified graduates within certain education systems. In addition to recent graduates, this program also includes highly trained professionals from all types of academic backgrounds. Do you qualify for this program?
With a name like Teachers for America, this program must obviously only be for teachers, right? Nope. Just recent college graduates. It does not matter if you have any teaching qualifications or not. You will be taught those before being sent to your destination.
Where can you expect to end up? Well, rural areas are possible, but the big current trend is to place applicants in urban areas of large cities like Chicago, Atlanta, New York City and so on. Anywhere from Seattle to Miami is possible.
This opportunity is a great idea for anyone wishing to lower their student loan debt. In addition to helping out those in need, this program will help to lower those monthly loan payments. Every way you look at it, Teach for America is a great idea. All it takes is one great teacher to change hundreds of lives.
If you have any student loan debt, Teach for America should sound like a pretty good idea. Well, it is. This is a chance to immediately take your education and make a direct difference in the lives of many people. What are you waiting for?
To find financing for college, check out the free directory of student loan companies at xxx.