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Paying Off Student Loans...

Discussion in 'Optometry' started by tsdary, Apr 13, 2009.

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  1. tsdary

    tsdary

    Joined:
    Oct 18, 2008
    Messages:
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    Status:
    Pre-Optometry
    SDN 2+ Year Member

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    I'm curious if any of you Optometrists out there are employed by a company who helps with tuition reimbursement?

    Or, has an employer who helps you with paying off your debt in any way?

    If so, what companies do this?

    Thanks!!!
  2. optsuker

    optsuker

    Joined:
    Jul 28, 2008
    Messages:
    306
    Status:
    Optometrist
    SDN 5+ Year Member
    Working for the Public Health Service is about the only program who consistently has a loan repayment program.

    Usually involves a commitment to work on an Indian reservation in a remote area.
  3. drbizzaro

    drbizzaro Varilux/Essilor Advocate

    Joined:
    Jul 13, 2004
    Messages:
    486
    Status:
    Optometrist
    SDN 7+ Year Member
    you can get 100% tuition reimbursement by signing up with the army. You must give up 4-8 years of your life after graduating though.
  4. JeffChou

    JeffChou Your mom goes to college

    Joined:
    Apr 21, 2006
    Messages:
    279
    Location:
    Chicago, IL
    Status:
    Optometry Student
    SDN 5+ Year Member
    Income contingent repayment plans for direct loans offer loan forgiveness after 25 years if there is an unpaid balance. You can read about the details here:
    http://www.finaid.org/loans/icr.phtml

    There is also a new loan forgiveness program for those who work in public service jobs for 10 years. I was told that this meant working for a non-profit organization, but I don't know what other jobs will qualify. After 120 loan payments, the rest of the balance is forgiven and you're done!

    http://www.finaid.org/loans/publicservice.phtml

    Definitely take a look into this plan if you're in public service or academia and plan to be there for at least 10 years. You can switch over to take advantage of the loan forgiveness. I'm sure this may also encourage more students to go into public service areas of optometry.
  5. eyepoker

    eyepoker

    Joined:
    Jan 29, 2008
    Messages:
    115
    Status:
    Optometry Student
    SDN 2+ Year Member
    hehe, pick one of the school that has cheaper tuition, SUNY lets you become in state resident after a year...a great financial factor when you considering all the loans you'll be borrowing, and living expenses is not that much if you can find roommates

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