How to get Student Loan Repayment Grants for Low Income

I’m going to be straightforward with you. As far as I’m concerned, I haven’t seen any possibility for student loan repayment grants. The good news is, there are several other ways to somehow make that student loan disappear. This is what you will learn in this post. So what is the answer for this problem?

Well, there are currently various programs from the Federal government, State government, and even organizations. Most of the programs listed below have the student loan forgiveness or the pay as you earn system. We’ll explain these two systems along the way.


Student Loan Repayment Grants System

First, there’s the public service program. This program is a student loan forgiveness program that is aimed at people who work in the nonprofit organization (which have been included in the tax-exemption), federal, state or local government jobs. In order to be eligible, you have to successfully make 120 on-time monthly payments and have been working for 10 years in public service.

Please do note that the eligibility is fairly limited. Only people with Federal Direct Loans and Federal Family Education Loan are eligible. Therefore, keep your paperwork and annual income forms in a safe place.

Secondly, we have the income-based repayment. The program is available for people with a federal student loan that is relatively high compared to their family size and income. This program doesn’t really erase the loan, but you do get to pay the significantly smaller amount of money (with small amount of tax). The limit would be 25 years, and any remaining loan will be erased.

Third, there’s the Pay as You Earn Plan. This program has a similar scheme to the income-based repayment. It also offers reduced monthly payments, and there’s a time limit. However, the time limit for this program is 20 years instead of 25 years. Refer to our source section to learn more about the program.

There are also several other programs that aim to provide financial assistance in student loan repayment, and some of them are related to your job.

The Teacher Loan Forgiveness program will provide student loan forgiveness for teachers who have worked for five consecutive years in a qualifying school. The forgiveness program is only available for certain federal student loans, and the amount is limited to $17,500

Last but not least, the American Student Assistance is a great source to seek for student loan repayment grants and forgiveness information. They have listed a lot of programs for this cause based on job category. You can also see whether or not your State government offers some kind of student loan forgiveness or repayment plan.

Student Loan Repayment Grants Conclusion

In conclusion, although it is true that there are currently no student loan repayment grants available from both the government and corporate, there are several other programs worthy of your attention. Some offer student loan forgiveness, while other offers reduced student loan repayment program.

One thing to remember is that these programs may not last forever. Therefore, please take the student loan amount that is reasonable and necessary only. Just because there are these programs, it doesn’t always mean that you will get one of them, because the government’s budget for this cause is limited.

I hope this can help you find the student loan repayment grants alternative.

List of Student Loan Repayment Grants

  • For Teachers –
  • For Public Service and Volunteer Work –

You can volunteer over the summer or for a period of time, in the U.S. or abroad, for organizations like AmeriCorps or the Peace Corps.


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