What are the requirements for teacher loan forgiveness?
To qualify for teacher loan forgiveness, you must teach full-time for five consecutive years in a low-income school or educational service agency.
Are there specific types of loans that qualify for this forgiveness?
Yes, only certain federal loans qualify, such as Direct Subsidized and Unsubsidized Loans, and some Stafford Loans.
What if I taught in a private school?
Teaching in a private school generally does not qualify for the federal teacher loan forgiveness program unless it meets specific criteria.
How do I apply for the forgiveness?
You can apply by submitting the Teacher Loan Forgiveness Application to your loan servicer after meeting the teaching requirements.
Is there a limit to how much can be forgiven?
Yes, the maximum amount forgiven can be up to $17,500, depending on your subject area and the type of loans you have.
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