Best answer: Does working at the VA qualify for student loan forgiveness?

Because VA is a federal government entity, VA employees with federal student loans may be eligible for this national loan forgiveness program.

Do VA employees get tuition reimbursement?

The Tuition Reimbursement Program is available to full-time VA employees who are enrolled in any accredited nursing degree program. … The Tuition Support Program provides tuition for job-related courses for health care professionals in disciplines identified as VA shortage categories.

Does military service count for student loan forgiveness?

One overlooked program is the Public Service Loan Forgiveness Program. Under this program, members of the military who have been employed by the military or a qualifying public service job for the last 10 years may have their federal student loans FULLY discharged. … Private student loans are excluded.

Will VA pay off student loans?

Under the VA Student Loan Repayment Program, you may be eligible to receive up to $10,000 per year, with a lifetime maximum of $60,000, to help you repay your student loans. Employees may qualify for monetary awards to help them medical training or to pay back their student loans.

How much is a 30 VA rating?

If you’re a Veteran with a 30% disability rating, and you have a dependent spouse (no dependent parents or children), your monthly basic rate would be $493.35 each month.

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Do student loans go away after 7 years?

Student loans don’t go away after 7 years. There is no program for loan forgiveness or loan cancellation after 7 years. However, if it’s been more than 7.5 years since you made a payment on your student loan debt and you default, the debt and the missed payments can be removed from your credit report.

Which veterans qualify for student loan forgiveness?

Total Forgiveness of Student Loans for Disabled Veterans

This includes veterans receiving disability benefits from the Department of Veterans Affairs as well as those receiving disability benefits from the Social Security Administration.

Can student loans be forgiven after 10 years?

The Public Service Loan Forgiveness program discharges any remaining debt after 10 years of full-time employment in public service. … Term: The forgiveness occurs after 120 monthly payments made on an eligible Federal Direct Loan. Periods of deferment and forbearance are not counted toward the 120 payments.

Can physical therapists get loan forgiveness?

Under this program, physical therapists are considered tier-2 level practitioners, which means they’re eligible for up to $20,000 per year in student loan repayment assistance. This number can jump up to $27,000 for hard-to-fill positions.

Is working for the VA a government job?

VA employees are part of the Federal Employees Retirement System (FERS). Under FERS, you are eligible for monthly retirement benefits after just five years of federal service. This retirement system is portable — if you leave federal employment, the Social Security component carries over to your new employment.