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Can’t Find a Job? Think Outside the Box: Consider the Peace Corps

Can’t Find a Job? Think Outside the Box: Consider the Peace Corps

By Lauren Bayne Anderson

February 08, 2011

If you haven’t been able to find a job and don’t want to go back to school, there’s another option you may not have considered. One that allows you to travel, pays off your student loans, allows you to help change the world, and looks GREAT on your resume. What is this dream experience you ask? The Peace Corps.

The Peace Corps is a volunteer program run in cooperation with the U.S. Government. The Peace Corps provides technical assistance to host countries, helps people outside the United States to understand U.S. culture, and helps Americans understand the cultures of other countries. Work is generally related to social and economic development – everything from AIDS education to environmental preservation. The Peace Corps has operated in 139 host countries and boasts over 200,000 volunteer alumni.

All About the Money

What’s so great about the Peace Corps from a financial perspective? There are quite a few benefits that may surprise you.

Loans
On the top of the list of benefits is student loans. Without a job it’s pretty difficult to pay them. But, many loans are eligible for deferment and others for partial cancellation if you join the Corps. Federal student loans including Stafford (formerly known as guaranteed student loans), Perkins, direct and consolidation loans can be deferred. Additionally, some private loans may be deferred during Peace Corps service.

Perkins loans are eligible for cancelation. Here’s how it works: Fifteen percent of your Perkins are cancelled upon the completion of each year. Four years of service would equal a 70 percent cancellation.

Free Travel
All your expenses are paid to and from the country you’re serving. Plus, you get two vacation days a month—more time to explore the region you’re serving in.

Health Insurance
You don’t have to worry about being able to see a doctor or a dentist while you’re serving – it’s covered. Plus, your benefits are extended for 18 months after your service ends for an affordable fee.

Cold Hard Cash
You get a monthly stipend to cover living and housing expenses. And depending on what part of the world you’re serving in, that money can go a long way. Plus, $7,425 to transition back to the “real world” after your 27 months of service is completed.

Want to learn more? Visit http://www.peacecorps.gov/

Information compiled from Wikipedia.org and peacecorps.gov


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    lovesonya

    8 months ago

    2 comments

    I would love to be a part of this!

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    Kayla_gehringer

    8 months ago

    8 comments

    Looks like I will have to go back over this now... have always felt the Peace Corps would be a good fit for my activist-minded self. :>

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    mrschatmon

    11 months ago

    2 comments

    great idea

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    xupahuma

    over 1 year ago

    20 comments

    If you think Tammy`s story is nice, , 3 weeks ago my boy frends sister earnt $7507 sitting there ninteen hours a week at home and they're neighbor's step-aunt`s neighbour did this for three months and got a cheque for over $7507 part-time On there laptop. use the guide on this link, http://www.Cloud65.com

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    Imansaray23

    over 1 year ago

    12 comments

    Peace Corps is not easy to get into. The DC office is nearby where I work.

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    ClineDesign

    about 2 years ago

    4 comments

    This might be a good idea. I'll have to look into it.

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    dee31523

    over 2 years ago

    2 comments

    This sounds like a great oppritunity for someone who has no kids and are welling to leave their famlies for a while. I would like to know more about it.

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    shopwood

    over 2 years ago

    6 comments

    I am so glad this article reinforces the Peace Corps. My job search has been strenuous and I have always thought joining the Peace Corps would be a good option. I have scheduled an appointment with my local campus representative. Serving would be a great experience and the job opportunites available after two years will undoubtedly be better than at the present time.

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    MSimril

    over 2 years ago

    2 comments

    A very good option for those who don't know what they want to do. Going out and volunteering would help expand their choices. looking into it right now.

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    MYBATZ13

    almost 3 years ago

    34 comments

    I had an apartment when i traveled. The lady upstairs was in the peace corp.

    I use to tell my boyfriend, as a teenager," I want to join the peace corp."

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    lizcoco

    about 3 years ago

    6 comments

    thats a great idea, I'd like to get more information about it.

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    cecile1985

    over 3 years ago

    4 comments

    I would like to learn more about it!

  • Photo_user_blank_big

    Charod

    over 3 years ago

    4 comments

    I live in Philadelphia, PA 19141

  • Photo_user_blank_big

    Charod

    over 3 years ago

    4 comments

    Where do I sign...

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    Frank_Ball

    over 3 years ago

    19756 comments

    Please keep your comments on topic to the article -- Any comments posted with embedded links leading outside MonsterCollege that are potentially dangerous and infected links will be removed and the poster's account will be banned from MonsterCollege. Thank you.