If you are considering student loans to help finance your studies at SIPA and may later pursue a career in the public or non-profit sectors, the Public Service Loan Forgiveness Program could mean considerable savings on loan repayment in the future.
Borrowers who pursue full-time careers in the non-profit or public service sectors can have their outstanding student loan balance forgiven after 120 months of repayment (payments need not be consecutive). This program applies to and Federal Direct Loans (also known as Stafford Loans) or Graduate PLUS loans you may borrow at SIPA.
For more information, contact the Financial Aid Office or visit any of these websites:
Non-profit or public sector employment may include:
- A Federal, State, local, or Tribal government organization, agency, or entity;
- A public child or family service agency;
- Volunteering full-time in the Peace Corps or AmeriCorps;
- A tax exempt 501(c)(3) organization;
- A Tribal college or university; or
- A private non-profit organization that provides any of the following public services:
- Emergency management
- Military service
- Public safety or law enforcement
- Public interest law services
- Early childhood education
- Public service for individuals with disabilities and the elderly
- Public health
- Public education or other school-based services
- Public or school library services
As many SIPA alumni pursue such careers, they may qualify for loan forgiveness. Please contact us at firstname.lastname@example.org if you have any questions.