If you live in Illinois, you’re in luck. You have access to five student loan forgiveness programs specifically for residents in your state—across a range of professions. They are:
This program is designed to encourage talented teachers to work in low-income schools throughout Illinois.
The deal is this. If you’ve already qualified for the Federal Teacher Loan Forgiveness Program, this program will match up to $5,000 in funds toward your student loan debt.
But to qualify, you need to:
You can download the application here.
This program is for lawyers who agree to live and work in Illinois as public defenders or prosecutors in the state for a minimum of three years.
The amount you can get depends on the program’s funding. It may be up to $4,000 a year, up to as much as $60,000 total, toward your loans.
To be eligible, you must:
You can download and print the application here.
This program is dedicated to encouraging nurse instructors to stay and teach in Illinois. You can earn as much as $5,000 per year toward your loans, up to four years maximum.
To be eligible, you must:
To download the application, click here.
This program is designed to encourage recent law school grads to enter into careers working with the state of Illinois. Qualifying professions include:
The idea is to encourage people in the legal field to work for the state of Illinois in protecting the rights of the state’s most vulnerable citizens and promote equal enforcement of the law.
To qualify, you must:
You could stand to earn as much as $6,000 per year, up to $30,000 total, and you must work for at least one year with a qualifying employer.
For more information or to download an application, click here.
This program will help you repay educational loans as an incentive to attract medical providers to work in veterans’ homes in the state of Illinois. You get up to $5,000 per year for a maximum of four years to repay your student loan debt.
The following professions qualify for this award:
To qualify, you must:
For more information or to download an application, go here.
As a resident of the State of Illinois, you also have access to all the student loan forgiveness programs available at the federal level—and we’ve collected all that info for you. Give it a read—hopefully you’ll be able to find a student loan forgiveness program that’s tailor-made for you.
Curious about how much you could save by refinancing? Check out Refi Ready.
Earnest empowers people with the financial captial they need to live better lives.
Using technology, data, and design to build affordable products, Earnest's lending products are built for a new generation seeking to reach life's milestones. The company understands every applicant's unique financial story to offer the lowest possible rates and radically flexible loan options for living life.
Click here to apply with Earnest and to see how much you can save.
Many ELFI customers save hundreds per month month and thousands over the length of the loan term.
Education Loan Finance is designed to assist borrowers through consolidating outstanding education loans into one single loan that effectively lowers your costs of education and/or makes repayment very simple. Education Loan Finance - backed by the strength of SouthEast Bank - combines the benefits of traditional education loan refinancing with the superior products, service, and support found in the private market.
Check out their low rates today to see how much you can save.
Attractive Bonus and Referral Programs:
Works with 275+ not-for-profit community lenders for higher approval chances
LendKey operates student loan programs for over 275 not-for-profit and community lenders across the country. By partnering with these lenders, LendKey is able to give consumers direct access to the best rates available from the most borrower friendly institutions. As the servicer of all loans obtained through its platform, you can rest easy knowing your personal information will be safe and that the best customer service team will be ready to answer your questions from application until your final payment.
Operates in all 50 states; 2nd largest student loan refinancing lender
Laurel Road is a national online lender with customers in all 50 states, the District of Columbia, and Puerto Rico. Many of our non-bank competitors are not able to lend in all 50 states.Laurel Road has grown to be the second largest player in the student loan refinancing space in large part because of our reputation as the go-to low rate provider.
For every loan they fund, they contribute to the education of a child in need
CommonBond was founded in 2011 by three MBA graduates from the University of Pennsylvania’s Wharton School who wanted to help their peers escape from high-interest student loan debt. Its original focus was on grad students, but it has since expanded to cover undergrads as well.
Of all the companies we reviewed, CommonBond has some of the best customer service. The company prides itself on being easy to reach by email, phone, or live chat. It offers networking events, expert panels, insider newsletters, and even has a program help borrowers who lose their jobs to find new ones. CommonBond also makes you feel good about choosing to refinance with them by donating money to an education nonprofit for each loan they write.
Get a personalized review of your refinancing options with CommonBond today.
Offers unemployment protection and career/coaching/networking
SoFi, which stands for “Social Finance,” was created by a group of Stanford business students who found themselves with a mountain of debt after graduation. They set out to change the student loan industry and help borrowers like themselves to get lower interest rates. SoFi has some of the lowest interest rates and, unlike the other lenders we reviewed, it has no maximum amount you can finance. However, Nevada residents can’t currently refinance with SoFi. Minimum loan balances are higher in Arizona, Massachusetts and Pennsylvania due to state laws. Additional state restrictions may apply.
Special offers for medical resident and fellow refinance products
Splash Financial is a leader in student loan refinancing with new rates as low as 3.25% fixed APR which can save you tens of thousands of dollars over the life of your loans. No application or origination fees and no prepayment penalties. Splash Financial is in all 50 states and is intensely focused on customer service. Splash Financial is also one of the few companies that offers a great medical resident and fellow refinance product. You can check your rate with Splash in just minutes.
Click here to see more of Splash's offerings and to see how you can save money.