student loan forgiveness programs

You can be eligible for cancellation or deferment of certain loans if you teach in designated school systems. To qualify, these teachers must:

For Perkins/NDSL loans made on of after July 1, 1987, teach in an elementary or secondary school that serves low-income students. For Perkins Loans made on or after July 23, 1992, teach in an elementary or secondary school system with a shortage of teachers in a certain subject area. For Perkins/NDSL loans made on or after July 1, 1987, teach disabled students in a public or other nonprofit elementary or secondary school.

If you qualify to teach under any of the three conditions listed above, you may qualify to have up to 100% of your loan reduced in proportion to how long you teach. You can have 15% of your loan cancelled after your first and second years of service, 20% after the third and fourth years, and 30% after your fifth year.

Teachers,

Please, if you know of any programs available to teachers for student loan repayment, please email us any information you have so that we can pass it to other teachers.