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What is the difference between the NHSC Loan Repayment Program and Loan Forgiveness?

April 26, 2017difference forgiveness loan nhsc program repayment

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What is the difference between the NHSC Loan Repayment Program and Loan Forgiveness?

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NHSC is a loan repayment program where receive additional funds that you can use to pay down your loan. Student loan forgiveness programs are those backed by the Federal government and cover loans issued through Federal programs such as Stafford and Perkins Loans. When you participate in one of these programs, portions of your debt are literally “erased” from your lender’s books.