 Step to paying off your student loans while teaching English abroad, collect bonuses and severance. After completing a teaching contract, many teachers receive an end-of-year bonus and also a severance in some countries. Usually the bonus is paid by the school, whereas the severance comes directly from the government of the country you have worked in. The former is generally paid to you with your final paycheck, whereas the latter is often sent to your bank account back home within a couple of weeks of completing the contract. Depending on your contract and teaching location, the bonus and severance can amount to several thousand dollars, so be sure to collect this money that's rightfully yours, or arrange for it to be transferred to you before you leave. Again your employer and co-workers will usually know how to proceed with this in your specific country. Thanks so much for watching. We are ITTT, the leading provider for TEFL and TSOL training courses. If you like this video, please subscribe by clicking that button down here and click on any of the videos here on the left for more interesting teaching tips for getting certified to teach English abroad and online.