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Guide to student loan forgiveness for teachers

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There are several options for student loan forgiveness for teachers, including a special program exclusively for educators that can eliminate up to $17,500 of federal loans.

Teacher Loan Forgiveness is a federal program offered exclusively to educators. Depending on what field you teach, you can have up to either $5,000 or $17,500 in debt forgiven.

Teach math, science, foreign languages, bilingual education, or another field that your state education agency determines has a shortage of qualified teachers Check your state’s Department of Education website to search for forgiveness options where you live. You can also reach out to your employer, professional organizations, or your network to find programs you may qualify for.In order to qualify for Teacher Loan Forgiveness, you must meet the following requirements. To qualify, you can’t have had outstanding Direct Loans or FFEL loans as of Oct. 1, 1998.

 

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