Wednesday, February 3, 2010

Have the Federal Government Pay Back your Student Loans?

I have been reading Lynnette Khalfani’s Zero Debt for College Grads: From Student Loans to Financial Freedom.

I highly recommend you look into her book, either by buying it or checking it out from your library.

Ms. Khalfani writes this about the Federal Student Loan Repayment Plan: “Under the Federal Student Loan Repayment Plan, the government allows any federal agency to repay your FFEL, direct, Perkins, or HEAL loans in order to attract or retain highly qualified workers in the federal government. Interestingly, each agency sets its own definition of highly qualified.”

She points out that the Office of Personnel Management (OPM) is the best source to learn about this program.

Here I provide you with a direct link to the Student Loan Repayment Program Fact Sheet:

Office of Personnel Management:

Ms. Khalfani also tells where you can find a listing of “all federal departments and agencies in America”; the link has slightly changed since the publication of her book. Instead of, it is now

Here is the new link:

For a thorough discussion of this program and places that you can work, including independent agencies--such as AmeriCorps, CIA, or Export-Import Bank of the United States (ExIm)—or quasifederal agencies—such as Legal Services Corporation (LSC) or the Smithsonian Institution, I highly recommend you read the section of Ms. Khalfani’s book, “Repayment Assistance Programs Nobody Told You About” in Chapter 9, Eliminate Student Loans with Loopholes: Qualify for Loan Cancellation or Get Others to Pay.

My next entry will be FAFSA 2010-2011, A Survival Guide, Part 1.


Lynnette Khalfani-Cox, The Money Coach said...

I will let my fans know about your blog. Thank you for including my book Zero Debt for College Grads in your post.

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