MOST IMPORTANT: FILL OUT FAFSA EARLY!
The FAFSA is used to determine an individual's level of financial aid eligibility and is required of all students interested in receiving state or federal financial aid, including loans.
OPENS OCTOBER 1ST. MONEY IS OFFERED ON A FIRST COME FIRST SERVE BASIS!!!
TEACHER LOAN FORGIVENESS PROGRAM:
The federal Teacher Loan Forgiveness Program allows eligible teachers in low-income schools to waive up to $17,500 in federal student loans after five consecutive years of experience.
HOW TO GET IT:
Check the eligibility of the school where you teach at the Teacher Cancellation Low Income Directory (TCLI Directory). The exact amount you’ll be forgiven depends on the subjects and grade levels you teach. Secondary math, science and special education teachers can get up to $17,500 forgiven; elementary school teachers and secondary school teachers who teach other subjects can get up to $5,000 forgiven.
AT A GLANCE:
Teach full-time for five consecutive years at a qualifying low-income elementary or secondary school to be eligible.
Borrowers with federal Direct and Stafford loans qualify.
Up to $17,500 may be forgiven for secondary mathematics or science teachers or special education teachers who taught at the elementary or secondary level.
Up to $5,000 forgiven for highly-qualified full-time elementary or secondary education teachers who didn't teach mathematics, science or special education.