Loan Forgiveness Programs | MUSK


Loan forgiveness and repayment programs

There are alternative methods for repaying student loans. Be sure to check these programs and your employer to see if there are any programs you can participate in.

Cancellation of civil service loans

If you are employed by the US government (federal, state, local, or tribal) or a nonprofit organization, you may be eligible for this program. To qualify, you must work full-time, have direct loans, use an income repayment plan, and make 120 qualifying payments. Canceled loans are those that are direct loan programs that are not in default. Amounts remitted are not considered income by the IRS. Thus, you will not pay federal tax on the amounts remitted.

See Public Service Loan Exemption from Federal Student Aid for more information on eligible employers, certificates of employment, eligible loans, and more.

Employer loan repayment or tuition reimbursement

One benefit to consider when applying for a job is student loan forgiveness or tuition reimbursement. Companies want to invest in their employees. If your program allows you to work, look for a job that offers tuition reimbursement. Additionally, some companies recognize that their employees are burdened with student loans and will offer repayment of the loan. Be sure to check the program requirements before agreeing to the terms.

Check out MUSC’s Registered Nurse Loan Repayment Program.

Review the CDC’s Educational Loan Repayment Program for Healthcare Professionals.

Health Resources and Services Administration Research Faculty Loan Repayment Program for those who become professors.

Investigate the National Health Service Corps Loan Repayment Program, Workforce Loan Repayment Program for Substance Abuse Disorders, Rural Community Loan Repayment Program, and Repayment Program student loans.

Explore the Nurse Corps Loan Repayment Program.

Review VA employee loan repayment resources. This program has both reimbursement and reimbursement for VA employees. You don’t need to be in the military to qualify.

South Carolina Loan Repayment Programs

Review the South Carolina Rural Physician Incentive Grant Program for Physicians, APRNs, and PAs.

Explore South Carolina AHEC Residents’ Enhanced Rural Incentive Grants for Physicians, Nurse Practitioners, and Physician Assistants.

Investigate South Carolina’s AHEC Rural Dentist Program.


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