Arkansas Student Loan Forgiveness Programs
Arkansas has two student loan forgiveness programs that are specific to just the State of Arkansas.
However, residents of the State of Arkansas can potentially qualify for various Federal student loan forgiveness programs.
You can find a great list of Federal student loan forgiveness programs here: Top Student Loan Forgiveness Programs.
If you have private student loans, it might make more sense to refinance your loans and see if you can get a lower interest rate and payment. We recommend Credible for student loan refinancing because you can find out in 2 minutes or less if it's worth it. Try out Credible here. If you refinance with Credible, you can get a $200 bonus as well!
If you're not quite sure where to start or what to do, consider hiring a CFA to help you with your student loans. We recommend The Student Loan Planner to help you put together a solid financial plan for your student loan debt. Check out The Student Loan Planner here.
Arkansas Loan Forgiveness Programs
Program: State Teacher Education Program (STEP)
§ Applicants must be bona fide Arkansas residents, as defined by the Arkansas Department of Higher Education, for at least twelve (12) months prior to the application deadline.
§ Applicants must be a citizen of the United States or a permanent resident alien.
§ Applicant must have graduated from a teacher education program after April 2004.
§ Applicant must have outstanding federal student loans.
§ Applicant must hold a valid Arkansas teacher’s license.
§ Applicants must teach full-time at a public school district in Arkansas during the award year
§ Teach in a subject area with a teacher shortage, as identified by the Arkansas Department of Higher Education in consultation with the Arkansas Department of Education; or
§ Teach in a geographic area with a teacher shortage, as identified by the Arkansas Department of Higher Education in consultation with the Arkansas Department of Education.
Program: Out-Of-State Veterinary Medical Education Loan Repayment Program
- Amount: Varies
- Description: The Out-of-State Veterinary Medical Education Loan Repayment program will assist with repayment of federal student loans for up to five (5) years for eligible veterinarians that attended Mississippi State University College of Veterinary Medicine and practice food supply veterinary medicine within the State of Arkansas.
- Program Information: https://www.avma.org/Advocacy/StateAndLocal/Pages/State-veterinary-loan-repayment-programs.aspx#ar
If you're looking for ways to pay for college in Arkansas, check out our guide to Arkansas Student Loan and Financial Aid Programs.
Return to Student Loan Forgiveness Programs by State.