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Get Uncle Sam to Pay Your Student Loans

Get Uncle Sam to Pay Your Student Loans

Chris McConnell | GovCentral

Whether or not you work for the government, Uncle Sam can help pay for those pesky student loans. GovCentral researched three federal programs that will reduce your student loan payments or even make the payments for you. We’ve also found which careers can give you the best chance to qualify for them. Read on to find out how to get Uncle Sam to pick up the tab for your education.

Even if you don’t work for the government, Uncle Sam can pay for your loans or if you qualify, make the payments more affordable.

The three programs we’re go into a little more detail are:

Federal Student Loan Repayment Program
Income-Based Repayment
Public Service Loan Forgiveness

Federal Student Loan Repayment Program

The Federal Student Loans Repayment Program is used by federal agencies to recruit and retain high-value employees. Last year, 33 federal agencies dolled out over $42 million to help repay student loans. The average benefit was $6,377, but you can qualify for up to $10,000 per year and a lifetime max of $60,000.

The Department of Justice provided assistance to over 37 percent of their employees, mainly those working at the Federal Bureau of Investigations. The agency with the highest average benefit was the Securities and Exchange Commission at $9,187 per recipient.

Here are some of the more common jobs that receive benefits under the Federal Loan Repayment Program. Click the links to find more information or search for jobs in your area:_

Criminal InvestigatorAttorneyIntelligenceMechanical EngineerGAO AnalystMISC AdministrationInformation Technology ManagementManagement and Program AnalysisInspection, Investigation, and ComplianceNuclear EngineerContract SpecialistAccountingMiscellaneous Clerk and AssistantBusiness and IndustryElectronics EngineerFinancial AdministrationHuman Resources SpecialistGeneral Engineer

Read More to Find out how the Government can reduce your monthly student loan payment


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