Teacher Loan Forgiveness Program
Note: This is not a NEW loan but a way to possibly get prior loans cancelled with service.
The Teacher Loan Forgiveness Program is intended to encourage individuals to enter and continue in the teaching profession. Under this program, individuals who teach full time for five consecutive, complete academic years in certain elementary and secondary schools that serve low-income families and meet other qualifications may be eligible for forgiveness of up to a combined total of $17,500 in principal and interest on their FFEL and/or Direct Loan program loans.
For additional information, eligibility requirements, and application click here.