Financial Literacy for Everyone
Follow Us
Plan'it Prom

Budget for Prom
Learn cost-saving tips, track spending and share photos with the free app Plan'it Prom.
Download for Android
Download for iOS

New FF App

Play the Financial Football Game on Your iPhone or iPad
Get the latest version of the video game for your mobile device at the iTunes store.
Download iPad App
Download iPhone App

Add our calculators to your site

Share our calculators
It's quick and easy to embed our useful financial calculators on your website.
Learn More

Loan Forgiveness

Loan Forgiveness Banner

As an unemployed recent college graduate, you might have more time than money right now. You can get help to pay off your loans by volunteering for certain government projects. In some cases, volunteering for certain programs or services will forgive your debt entirely.

Peace Corps allows you to cancel a substantial portion of your Perkins loans in return for service. You can receive a 15% cancellation for each of your first two years of service and 20% for your third and fourth years.

Americorps offers the social outreach of the Peace Corps without requiring you to leave the country. You can receive up to $12,100 for living expenses and, after a year of satisfactory service, up to $5,645 to be used toward education.

Military Service such as the Army, Air Force, Navy, Marines and the National Guard all offer education assistance programs. Check with your local recruiter to find out how these programs can help you.

Teaching can make you eligible for a complete loan cancellation or at least a deferment of some loans if you fill specific understaffed teaching positions.

Legal and Medical Service offer certain programs that provide partial cancellations of loans for public service. If you choose to study medicine or law, it may be in your best interest to look into this since you can rack up some hefty education loans from both these fields of study.

Email to a friend

Your Name:
Your Email:
Recipient's Email:
Enter code:

The information that you provide through this e-mail feature will not be stored by Visa for any other purposes. Please refer to Visa's privacy policy for details.