Careers
About Loan Forgiveness and Forbearance
Loan Forgiveness
The Association of American Medical Colleges provides information on loan forgiveness programs in most states. For example, in some places it may be possible for social workers working full time in an underserved area at a community health center to be eligible for a repayment per year of service of $12,500.
Loan forgiveness programs not specific to social workers, but still possibly applicable can be found at:
http://www.finaid.org/loans/forgiveness.phtml
Programs at this website include Americorps, Peace Corps, National Health Service Corps, as well as other paths to forgiveness.
Employment Agencies and Forbearance of Loans
For graduates whose student loan deferments are coming to an end and who do not yet have jobs, forbearance agreements are possible for many loans. Forbearance means that you are currently unable to pay the loan but agree to do so as soon as you are able. You can arrange to pay the interest only or you can allow the interest to capitalize and be added to the loan. If you choose to arrange for forbearance, you will be asked to register with an employment agency. You may want to begin by contacting the following agency:
Job Connection, Ltd.
245 Waterman Street, Suite #402
Providence, RI 02906
401-434-1990
Placements primarily in Rhode Island and Southeastern MA
Although the services of Job Connection have not been endorsed by Boston University or the School of Social Work, many students have found their services to be valuable when applying for forbearance or to learn more about employment agencies in general.
