All Stanford GSB graduates who have borrowed need-based loans for their education and who choose to work for government or nonprofit organizations are eligible for the Loan Forgiveness Program. The program is designed to encourage students and alumni to take careers in the public and nonprofit sectors. There is no income cap for eligibility. Adjustments to income include annual loan repayments for prior educational loans, spouse's educational annual debt load, dependents and child care expenses.
Alumni taking advantage of the program say it makes a difference.
Sara Billman, MBA '95, has worked in arts management since she graduated. The Loan Forgiveness Program is what made it possible for me to get a quality graduate business degree and still work in the arena I love. It's highly unusual to find that degree of support. If you are considering a career in public management, and would like more information, visit the LFP pages at the business school's Financial Aid Office website. SMIF is a student-run organization that raises money through faculty, staff, and most significantly, fellow Stanford GSB student contribution in private sector summer jobs.