Iowa Teacher Loan Forgiveness Program

Award Amount

Application Deadline

Tuesday, March 31, 2015

Awarded By

Iowa College Student Aid Commission

Award Amount

Awards are for a loan repayment of up to 20 percent of the recipient's total eligible federal student loan balance, including principal and interest. Students must re-apply each year, and can receive forgiveness for no more than five consecutive years. The maximum award cannot exceed the average resident tuition rate established for students attending Iowa's Regent Universities for the first year following the recipient's graduation. For the current academic year, the maximum amount is approximately $6,658 annually.

Recipients

The number of awards offered varies annually. In the 2012-2013 academic year (the most recent year for which information is available), there were 100 awards given.

Deadline Info

Applications are available online from the Iowa College Student Aid Commission (ICSAC) website. To apply, the student must complete the online Iowa Financial Aid Application. An administrator must c ... sign up for full scholarship deadline information.