Due to financial requirements, most students take student loans to complete their studies. However, they have to clear up the loan amount with interest. If you have taken any student loans and are trying to figure out some ways to help you clear up your interest amount, this article will guide you through.
Some organizations provide special scholarships for students seeking to clear up loans taken during their academic terms. These scholarships will help students be free from the debt of returning loans. Moreover, clearing up one loan will increase the credit score of the loan process and make them eligible for taking another loan for high studies. The scholarship is like aid for students because it helps them not only for studies but also for their passion with ease.
In this write-up, we will highlight some of the best scholarships for students who can use these grants for loan repayment. These grants will free up debt from a student’s life to deliver good life and training. Give a proper reading to this article and choose the scholarship you are eligible for.
1. Course Hero $4k College Giveaway
Course Hero Sweepstakes provide this giveaway scholarship. This grant will provide $4,000 to a student who wins the giveaway grants. This grant application is open for students above 18 years. The grant will help students return their educational loan amount taken from any banks in the USA to support education expenses. Applicants can simply move towards the sponsors’ website and apply for the giveaway. Students applying for the giveaway should be enrolled in any of the approved colleges or universities of the USA.
Provided by: Course Hero Sweepstakes
Eligibility: Students above 18 years
Deadline: November 30
2. $2,000 College Repayment Grant
This repayment grant is open for graduate students enrolled in accredited colleges or universities located in the United States. This grant is specially designed for students to repay their loans taken for educational support. The grant will provide $2,000 as the grant amount for the eligible candidates. Any US student who has a loan to repay can apply for this post. Every month a new scholar is granted this scholarship. Students applying for the scholarship should fill up a form provided along with the information on the sponsor’s website.
Provided by: NITRO
Eligibility: Any US Citizen
Deadline: December 31, 2021
3. $1,000 Student Loan Hero Smart Money Giveaway
This scholarship is provided for students to repay their loans and start a new academic term. The grant provides $1000 for the winners of this scholarship. The LendingTree platform offers this scholarship. Student Loan Hero by LendingTree desires to assist students in taking possession of their finances. Providing $1,000, you can stress more opinionated regarding college fees and concentrate on your fortune. All qualified high school learners, university researchers, scholar parents, and others should apply to succeed in this monthly giveaway grant.
Provided by: Lendingtree
Deadline: January 31, 2022
4. Delete Your Debt No-Essay Grant
The name of the scholarship says it all. This grant is provided for students who want to clear up loans for better academic qualifications. Bold.org delivers this scholarship for students willing to study further and need some help backing up their finances. The students applying for the loan repay scholarship should be citizens of the United States. It grants students a $10,000 reward amount to refund loan amounts to the respective banks. The grant will be rewarded by the end of 2022. Scholars registering within earlier application links will have a more prominent possibility of prevailing the award.
Provided by: Bold.org
Deadline: Varies monthly
5. Licensed Mental Health Services Provider Education Program (LMH)
The Health Care Access and Information (HCAI) offer this scholarship program. Through this program, the sponsors want to help students recover their student loan debt. The scholarship provides $15000 per year for up to three years to support their education expenses and loan terms. The Licensed Mental Health Services Provider Education Program expands the digit of properly trained cognitive health experts, providing immediate client consideration in a suitable establishment in California. This grant helps students to clear loans while doing their education.
Provided by: The Health Care Access and Information (HCAI)
Eligibility: $15000 per year
6. Discover Student Loans Scholarship Award
The Discover platform provides this scholarship. This grant is available to US high school final-year students and undergraduate learners who are 16 years of age or above. Learners should arrange to follow or be following an accredited, non-profit, four-year university or college established in the 50 United States. Students applying for the post must fillup an application form. This scholarship offers $5,000 yearly, a non-renewable grant for the students. Students who have received this scholarship earlier cannot apply again next time. This scholarship will help students to pay back their loans.
Provided by: Discover
Deadline: January 31
7. FBEF Forgivable Loan Scholarship
Florida Bankers Educational Foundation provides this scholarship. This loan forgiveness plan is open for Florida university youngsters, senior students, and graduate learners attending an appropriate college. Through this grant, the student can pay back their loan amount taken for educational purposes. Roughly ten accolades are anticipated to be provided for the present fiscal year. The number of honours presented changes yearly, relying on eligible candidates. Learners should hold a major in an enterprise, economics, finance, analysis, company management, or additional bank-related majors and maintain a GPA of 2.5 or higher.
Provided by: Florida Bankers Educational Foundation
Deadline: February 1
8. Speech-Language Pathologist Forgivable Loan (SLPL)
Mississippi Office of Student Financial Aid provides this scholarship. This grant is open to learners pursuing a first master’s degree in Speech-Language Pathology or another language-related discipline. For part-time learners, distinctions will be established on hours registered. Still, they will not surpass the most increased education and demanded costs for part-time learners attending a public establishment of higher education.
Provided by: Mississippi Office of Student Financial Aid
Deadline: October 1 – March 31
9. Department of Justice Student Loan Repayment
The United States Department of Justice provides this scholarship. The Attorney Student Loan Repayment Program (ASLRP) is planned to augment the personal attorney’s loan compensation responsibilities, not as a replacement. Once received, you will keep meeting a three-year assistance agreement with the DOJ. Lawyers who do not fulfil their assistance commitment must reimburse the Department for all funds obtained via the ASLRP. DOJ specifies participants during a yearly open season each hop. Any Justice worker operating in or employed to assist in a lawyer appointment may demand regard for the ASLR.
Provided by: The United States Department of Justice
Eligibility: law students
Deadline: March 31, 2022
10. EStudent Loan Scholarship
The College Monk provides this scholarship for students to repay their loan amount. The candidate applying for the grant should be a permitted resident of the U.S, an applicant underneath the DACA group, or an International scholar with a proper scholar visa. The winners will be notified by April 30 and selected based on the essay submitted along with the application form.
Provided by: The College Monk
Deadline: March 31, 2022