Can I Apply for a Scholarship Again After Receiving It

Scholarships are more often than not idea of equally money designed to help you pay for schoolhouse before you're fifty-fifty enrolled. Just what about after yous graduate? Are there scholarships out there for graduates?

With $1.6 trillion tied up in student loan debt, the need for financial assistance is tremendous. Luckily, at that place are funds that you tin take reward of after you graduate to help you pay for your previous years of schooling. These funds are non ofttimes called scholarships but are rather grants or reimbursement programs.

Deviation Between Scholarships and Grants

The primary deviation between scholarships and grants is the qualifications for each. Scholarships are often awarded based on academic accomplishments and other talent or merit-based qualifications. Grants, on the other mitt, might be awarded based on financial need. They can also be awarded based on fields of study.

Reimbursement programs frequently autumn outside of these two categories but are most often associated with grants since they focus on reimbursing tuition based on a specific career path or bailiwick.

Funds Bachelor for Students Mail service-Graduation

Now that you understand the difference between financial assistance awards, we'll walk you lot through some of the top programs that offering repayment options, typically in the course of loan reimbursement or forgiveness programs.

You can apply for some of these opportunities subsequently graduating, while others crave applying earlier completing your terminal year of school.

1. Nurse Corps Loan Repayment Program

The Nurse Corps Loan Repayment Plan tin pay up to 85% of your nursing education debt if you're a registered nurse (RN), avant-garde practice nurse (APN), or nurse faculty (NF) staff member.

This plan requires you to piece of work at a critical shortage facility (CSF), which is a medical facility located in typically underserved areas. If you lot concur to work at a CSF for two years, you'll receive 60% reimbursement for your student debt. If y'all agree to stay on for an additional third year, you'll receive another 25% reimbursement for your remaining debt.

You must have received an accredited caste to authorize. You can learn more about this program and utilise hither.

2. National Health Service Corps Loan Repayment Plan

The NHSC Loan Repayment Plan is designed to offer up to $l,000 in student debt repayment for qualifying health service providers. To qualify, you'll need to be a medical, dental, mental, or behavioral wellness professional with an accredited caste and student loan debt.

This program requires you lot to piece of work in a designated health professional person shortage expanse (HPSA), which serves areas that traditionally have limited access to care. Each HPSA has its own score indicating its level of need, which volition determine how much debt repayment y'all're entitled to.

You'll need to piece of work for at to the lowest degree ii years at a designated HPSA to qualify for aid. If you work ii years half-time at an HPSA with a score of 0-13, you'll receive up to $15,000 in aid and up to $25,000 if you work half-time at an HPSA with a score of 14 or higher.

If you work two years full time at an HPSA with a score of 0-13, you'll receive upward to $30,000 in aid, whereas y'all'll receive upwardly to $l,000 if you work two years full fourth dimension at a site with a score of 14 or higher.

You can learn more about the NHSC program and how to apply here.

three. Contraception and Infertility Research Loan Repayment Program

If y'all plan on going into medical inquiry or already piece of work in a lab setting, you might be eligible for the Contraception and Infertility Enquiry Loan Repayment Programme. This program is designed to help graduate students pay dorsum their student loans by paying upwardly to $35,000 per year of the student's debt.

To qualify, you'll need to exist a certified health care professional working in the area of reproductive research to assistance in developing contraceptives or researching infertility treatments and causes. Y'all must as well commit to at to the lowest degree two years of study in this field to be eligible for reimbursement.

You can learn more than about the Contraception and Infertility Research Loan Repayment Programme and apply here.

4. John R. Justice Program

If you're a local, state, or federal public defender or volition be presently, you'll desire to look into the John R. Justice Program. This programme is technically a grant and applies to Stafford, Graduate PLUS, Consolidation, and Perkins loans.

The individual requirements and award amounts of this grant vary by country, but an individual can receive a lifetime honor of up to $lx,000 in reimbursement.

You can acquire more than about the John R. Justice Programme and utilise here. You can also find other scholarships, grants, and funding opportunities through the U.South. Department of Justice here.

5. Federal Teacher Loan Forgiveness

If you're a teacher who has federal student loans, you might be eligible for full or partial loan forgiveness. The Teacher Loan Forgiveness Program is a federal program that tin forgive up to $17,500 of your subsidized and unsubsidized loans.

To qualify, y'all must hold a teaching degree and agree to teach in a low-income school or educational facility for at least v consecutive years. Your loans must also be in good continuing to receive this grant. This grant primarily is gifted to full-time teachers, but some funding tin be offered to part-time teachers.

You lot tin learn more nearly the federal Instructor Loan Forgiveness Program and how to use here.

vi. Veterinarian Medicine Loan Repayment Program

If you agree a doctorate in veterinary medicine and have student loan debt, you lot might want to consider applying for the Veterinary Medicine Loan Repayment Program. Under this program, qualifying veterinarians tin can receive up to $25,000 of reimbursement aid per yr.

To qualify for this reimbursement program, you lot'll need to serve as a veterinarian in an area facing veterinary shortages for a minimum of three years.

You can learn more about this reimbursement program and how to utilise at the U.Southward. Section of Agriculture website.

7. Army Loan Repayment Plan

If you lot're in the military machine, you might exist eligible for some aid with your student loans. The Army Loan Repayment Program will repay a office of a soldier's student loan debt. In that location are different requirements depending on which branch of the army you serve in, and only Military Occupational Specialties (MOSs) can qualify. Funds also vary past department.

You tin learn more nigh the Army Loan Repayment Plan hither.

8. Pediatric Research Loan Repayment Program

If y'all're a doctor researching developments, diseases, disorders, or other health-related topics in children, you might be eligible for the Pediatric Research Loan Repayment Program. This program offers funding upwardly to $35,000 per yr, depending on your topic of research.

To qualify, y'all must have a doctoral degree and concord to piece of work for a nonprofit or federal research institution for a minimum of two years.

You can learn more about this program and employ hither.

9. Public Service Loan Forgiveness

If you work in public service and have student debt in the class of federal loans, you should explore the Public Service Loan Forgiveness (PSLF) Programme. This program offers a complete cancellation of federal loan debt for qualifying public service professionals.

To qualify, you must work in public service, have made at least 120 on-time student loan payments (ten year's worth), and work for a participating employer.

You tin learn more than most the PSLF Plan and how to apply here.

x. State-Level Loan Forgiveness

Every state offers its own state-level loan forgiveness programs for specific occupations, such every bit health care professionals, nurses, researchers, public service officials, lawyers, veterinarians, teachers, and more.

For instance, in California, if you accept a bachelor of scientific discipline in nursing (BSN) and agree to piece of work in a designated area of the state, y'all can apply for the Bachelor of Science Nursing Loan Repayment Program (BSNLRP). This plan grants y'all upwardly to $10,000 in student loan reimbursements per year and tin can be renewed up to three years – for a total of $xxx,000.

Check out what state-level reimbursement options and grants your state offers to come across if yous qualify for assistance.

Other Options for Student Loan Help Once You Graduate

If y'all're not in ane of the in a higher place occupations or are looking for additional resources to help after graduation, in that location are a few more options you tin explore for student loan assistance.

AmeriCorps

If you lot're interested in joining AmeriCorps, you may be eligible for student loan assistance upon graduating. The AmeriCorps National Noncombatant Community Corps (NCCC) program offers over $6,000 to members per yr in educatee loan assistance.

Peace Corps

If you lot make up one's mind to volunteer for the Peace Corps, you're eligible to receive assist with your educatee loans (both federal and some private). Help plans vary by loan type and might exist income-based. You can learn more here.

Employer Reimbursements

If you were employed while in school, your employer might offering tuition reimbursement programs, depending on your major and willingness to commit to standing to work with them. Some companies offer reimbursement only while you're in schoolhouse, so if yous're yet enrolled or considering a degree, it's worth checking in with your HR department.

Here are just a few companies that offering tuition reimbursement:

Wells Fargo
Boeing
Walgreens
Best Buy
UPS
Bank of America
Home Depot
Raytheon
Starbucks
Intel

All the Scholarship Resources You Demand in 1 Place

Here at College Finance, we desire to help you detect all the tools you demand to help make repaying your student loans as easy equally possible. Scholarships, grants, and reimbursement programs for graduates can offer some financial relief as you navigate your new career.

Demand more assist? Find out more about income-contingent loan repayment plans and how they tin help you relieve money on your student loans.

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Source: https://collegefinance.com/scholarships/scholarships-for-student-loan-aid-post-graduation