If you are a recent, qualified, graduate, you may be able to sign up for the Teach for American program, and receive a monetary award that can be put towards your current student loans. This program is part of the AmeriCorps service network that helps to connect graduates with underprivileged students.

If you get in to the AmeriCorps program, you will be sent to a rural or urban location where you will teach. In exchange, you get automatic forbearance on your loans and additional money to be applied to their repayment.

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.

Currently, the trend is to place applicants in urban areas of need. These range from cities like Baltimore in the east to Los Angeles in the west. There are, in truth, cities in need of teachers across the nation, so you could end up anywhere.

Every so often, a quasi government program actually seems like a good idea. Teach for America is one such program. You can take a bite out of your student loan debt while doing something that is truly valuable and needed. How rare is that?

The biggest complaint of most college graduates is they feel like they are no longer making a difference. Well, Teach for America gives you a chance to avoid that issue and pay down your student loan debt. How could you possible resist?

 

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