What are the eligibility requirements for loan forgiveness for teachers?

What are the eligibility requirements for loan forgiveness for teachers?

To qualify for loan forgiveness, teachers must work full-time in a low-income school or educational service agency for five consecutive years.

Are there specific types of loans that are eligible for forgiveness?

Yes, federal Direct Loans are eligible for forgiveness under the Teacher Loan Forgiveness Program.

How much can teachers expect to have forgiven?

Teachers can receive up to $17,500 in loan forgiveness, depending on their subject area and the school they work in.

What if I have already received some forgiveness? Can I apply again?

If you have received forgiveness under a different program, you may still be eligible for additional forgiveness under the Teacher Loan Forgiveness Program.

How do I apply for this loan forgiveness?

You can apply by completing the Teacher Loan Forgiveness Application, which is available on the Federal Student Aid website.