Teacher Loan Forgiveness: Who Qualifies and What You Get
Learn if you qualify for student loan forgiveness through five years of service in a low-income school.
This program helps educators reduce their student debt by providing loan forgiveness for those who teach in specific school settings.
Who it's for
This is for teachers who work for five consecutive years in a school that meets low-income requirements.
What you get
Depending on your subject area, you may receive up to $17,500 in loan forgiveness. This specific amount is available for highly qualified math, science, or special education teachers.
What it costs you
To receive the benefit, you must complete five full, consecutive academic years of service in an eligible school.
The catch to know
You cannot use the same years of service to qualify for both this program and Public Service Loan Forgiveness (PSLF). The years of service must be consecutive to meet the requirements.
How to apply
- Verify that your school meets the low-income requirements.
- Ensure your teaching subject qualifies for the higher forgiveness amount.
- Complete your five consecutive years of service.
- Check the official government website for the current application process.