NAHEC Resources

Loan Forgiveness & Debt Reduction 

• Paying For College:  Making Your College Dreams A Reality

New York State Loan Forgiveness Programs for NYS Residents Only

• Student Loan Hero
• NYS Get on Your Feet Loan Forgiveness Program
  The Get on Your Feet Loan Forgiveness Program allows students who graduate from a college or university located in NYS in 2014-15 or thereafter, continue to live in NYS upon college graduation, earn less than $50,000 per year, participate in either the federal Pay As You Earn (PAYE) or eligible Income Based Repayment (IBR) program, and apply within two years of graduating from college to be eligible to have their federal income-based repayment plan commitment covered for two years.
• Nursing Faculty Loan Forgiveness Incentive Program
  This program seeks to increase the number of nursing faculty members and adjunct clinical faculty teaching in the field of nursing in New York State.
• Loan Forgiveness for Licensed Social Workers
  Awards are made annually to social workers licensed to practice in New York State who have at least one year of prior employment working in a critical human service area.

Federal Loan Forgiveness Programs

• Perkins Loan Cancellation Programs
  For borrowers with Perkins Loans who perform certain types of public service or are employed in certain occupations. A percentage of the loan may be cancelled for each year of service. To apply, contact the school that you were attending when you received the loan. Occupations include:
  – Volunteer in the Peace Corps or ACTION program (including VISTA)
  – Member of the U.S. Armed Forces (serving in areas of hostilities)
  – Nurse or medical technician
  – Professional provider of early intervention services

Programs to Assist With Federal Loan Repayment

• National Health Service Corp Loan Repayment Program
  Primary care medical, dental and behavioral and mental health clinicians who provide care to the underserved may receive an initial award of up to $30,000 or $50,000 depending on service in a health profession shortage area.
• Health Professions Faculty
  Students from disadvantaged backgrounds who agree to serve on the faculty of an accredited health professions college or university for two years may receive up to $40,000 towards the repayment of their student loans.
• EduMed Medical and Healthcare Scholarships