May 10, 2021

How to Get Rid of Student Loans

Chipper Help

Loan repayment assistance programs (or LRAPs) exist in several states to help you pay off student loans. You have a far better chance of qualifying for an LRAP if you work in a specific industry, particularly the health care and education sector.

Some companies even offer student loan repayment assistance services as employee benefits. You can speak with your human resources department to see if you have these options. Or, you can apply for another LRAP outside of your company. Here are the legal ways to eliminate student loans.

Join the Peace Corps

If you want to get rid of a Federal Perkins Loan, you could work for the Peace Corps and become eligible for canceling part of your loan. After four years of service, you can cancel up to 70% of your Perkins Loans. The minimum amount you can cancel is 15% of your loan. It all depends on the terms of your service for the Peace Corps.

With Peace Corps service under your belt, you could consolidate your access to the Perkins Loan Cancellation by applying for the PSLF program. The Public Service Loan Forgiveness program cancels the rest of your student loans in exchange for your Peace Corps service. But, you would give up your chance to get rid of your student loans through the Perkins Loan directly.

Volunteer for AmeriCorps

Places with AmeriCorps opportunities can help you shed up to $5,815 from your student loans for a minimum of 1,700 hours of work. AmeriCorps volunteer work would involve community service for local nonprofits or public agencies. This also includes participating in community projects for lower-income Americans.

When working for AmeriCorps, you can ask about income-driven repayment, which should adjust your loan payments to accommodate your income. AmeriCorps volunteers also become eligible for the PSLF program. So, you can apply for loan forgiveness after less than three months of volunteer work.

Get Into Teach For America

Teach For America teachers qualify for the PSLF program and have access to income-driven repayment as well. If you work for this non-profit organization, you may even become eligible for an AmeriCorps education award. This award can repay up to $6,195 in student loans.

Through the Perkins Loan Cancellation program, you may even receive between 15% to 100% of loan forgiveness as a Teach For America teacher. This can take five years of service in underserved areas as a teacher. The US Department of Education has a directory of low-income institutions where your service would qualify for loan forgiveness.

Enroll in the National Health Service Corps

You can get rid of up to $50,000 in federal student loans if you work as a health care provider for at least two years in a Health Professional Shortage Area. An HPSA is an underserved area where medical, dental, and mental health services are wanted. Your salary in these areas will surely be far from what you can make in private institutions, but the loan forgiveness through the National Health Service Corps is tax-free.


You can get rid of your student loans when you practice your field of study in the most underserved areas. If you’re a health care practitioner, educator, or public service employee fresh out of graduation yet buried in student loans, then loan repayment assistance programs from organizations like the Peace Corps, AmeriCorps, Teach For America, and the National Health Service Corps can help you with loan forgiveness. In order to make sure you can qualify for a forgiveness program and are taking the right steps, get started with Chipper today.

Use Chipper for Lower Payments

Chipper can help you find a student loan repayment plan that actually fits into your budget. You simply fill out your information and link your student loan account for us to generate your options in seconds. We help the average student loan borrower save over $300 a month off their student loan monthly payment. Lowering your monthly payment plan can game changing for your personal finance and can be done in minutes! Sign up for Chipper today to get on track with your student loans.

Use Chipper for The Best Path to Forgiveness

Finding your path to student loan forgiveness is easier than ever before. Chipper helps members find better Income-Driven Repayment (IDR) plans every day. Once enrolled in an eligible repayment plan, we can help you explore your forgiveness options and understand your path towards forgiveness. Sign up with Chipper today and get on track with your student loans.

Use Chipper for Round-Ups

Paying off your student loans doesn’t have to be a long and painful journey. Round-Ups are a way to directly pay off your loans with your everyday spending! By tracking your linked spending account(s), we will calculate the rounded up amount from each transaction in a week (IE spending $4.28 would add $0.72 to the weekly amount). We then initiate a payment towards your student loan for the weekly amount. Get chipping away on your student loans with Chipper today.

Use Chipper for Public Service Loan Forgiveness (PSLF)

The Public Service Loan Forgiveness (PSLF) program was created to provide relief to borrowers aiding the public sector. Unfortunately, 30% of applicants are denied due to incorrect paperwork. We can help! Chipper was created to solve this issue by assisting borrowers in understanding their options as well as allowing forgiveness eligible users enroll into the best forgiveness program available. Sign up for Chipper today to see your student loan forgiveness options and get the forgiveness you deserve.

Use Chipper for Teacher Loan Forgiveness (TLF)

The Teacher Loan Forgiveness (TLF) program was created to enable teachers working in Title 1 schools to receive student loan forgiveness of up to $17,500 (depending on their teaching subject). Chipper has helped teachers from all over the country qualify for TLF program and can help you get the forgiveness you deserve today. Find out if you qualify for forgiveness in minutes with our employer search tool.

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