Teacher Loan Forgiveness Program

Application Information

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Amount
Awarded

$17,500

Awarded
Awarded By:

U.S. Department of Education

Number of Awards & Eligibility: The number of awards varies.
In order to qualify, students must meet the following criteria:
  1. You must have been employed at an elementary school, secondary school, or educational service agency that serves low-income students.
  2. Must have been employed as a full-time, highly qualified teacher for five complete and consecutive academic years, and at least one of those years must have been after the 1997–98 academic year.
  3. Must not have had an outstanding balance on Direct Loans or Federal Family Education Loan (FFEL) Program loans as of Oct. 1, 1998. Or on the date that you obtained a Direct Loan or FFEL Program loan after Oct. 1, 1998.
  4. Must have loan(s) for which are seeking forgiveness, been made before the end of your five academic years of qualifying teaching service.

In order to qualify, students must meet the following criteria:

Description: The Teacher Loan Forgiveness Program is available for a full time teacher with five consecutive academic years of teaching. Awards are used to fund student loan debt forgiveness of up to $17,500 per recipient.

Application requirements for the Teacher Loan Forgiveness Program are:

  • Application form
Additional Information: Under the Teacher Loan Forgiveness Program, if you teach full-time for five complete and consecutive academic years in a low-income school or educational service agency, and meet other qualifications, you may be eligible for forgiveness of up to $17,500 on your Direct Subsidized and Unsubsidized Loans and your Subsidized and Unsubsidized Federal Stafford Loans.

Award Amount: The program will forgive up to $17,500 in existing student loans. Funds are provided on a one-time basis and are not renewable.  The total dollars awarded for this scholarship is $17,500.

Contact: Teacher Loan Forgiveness Program
Address: - -, -- Not Applicable -- -

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