In the state of Washington, the total number of student loan borrowers exceeded 800,000 over the past few years. That figure continues to grow, as more and more residents decide to pursue higher education. If you happen to be one of them, it’s important to know about the different Washington loan forgiveness programs (and country-wide alternatives that aren’t state-specific). Keep reading to learn everything.
What Qualifies You for Student Loan Forgiveness?
To qualify for student loan forgiveness, there are certain academic, employment, and legal conditions that you must meet – all of which, vary from program to program. The most common program – which is offered to everyone regardless of state – is the Public Service Loan Forgiveness program (PSLF).
To qualify for the PSLF program, you must make 120 monthly payments on a Direct Loan while having a public service job.
Take a Look at Federal Student Loan Forgiveness Programs
There are several student loan forgiveness programs in the US. As a resident of the state of Washington, you could potentially qualify for a number of them. To see the complete list, see our resource on student loan forgiveness programs.
Washington Student Loan Forgiveness Programs
Currently, there’s only one option when it comes to Washington loan forgiveness programs.
Here are the details:
Programs: Health Professional Loan Repayment Program
- Amount: Up to $35,000 per year (for 2 years)
- Description: The purpose of the Health Professional Loan Repayment program is to provide compensation/incentive to licensed healthcare professionals, for practicing at certain under-served urban and rural areas where there is a critical shortage of professionals.
- Requirements: To be eligible for the Health Professional Loan Repayment Program of Washington, you need to be a licensed primary healthcare provider in Washington (specialty healthcare doesn’t qualify). In addition, you must agree to serve at least 2 years at a designated site (otherwise, you’ll have to repay all of the funds with penalty).
- Program Details: Health Professional Loan Repayment Program