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Loan forgiveness for teachers? Find out if you're eligible.

Loan forgiveness for teachers?
Find out if you're eligible.


Teacher Loan Forgiveness

  • Loan Forgiveness for teachers applies to Stafford loans made to new borrowers on or after October 1, 1998, and to the portions of a Consolidation loan derived from these loans. A new borrower has no outstanding loan balance on October 1, 1998 or has no outstanding FFEL or Direct Loan balance on the date he or she obtains a loan after October 1, 1998.
  • You must work as a full-time teacher for five consecutive complete academic years in an elementary or secondary school that has been designated as a "low-income" school by the U.S. Department of Education.

Qualifications:

  • Teachers who started their qualified teaching service before October 30, 2004:
    • These teachers may receive up to $5,000 in loan forgiveness for service as a full-time elementary school teacher who demonstrates knowledge and teaching skills in reading, writing, mathematics and other areas of the elementary school curriculum or for service as a full-time secondary school teacher teaching in a subject area that is relevant to their academic major.
    • These teachers may receive up to $17,500 in loan forgiveness for service as a highly qualified, full-time mathematics or science teacher in an eligible secondary school or for service as a highly qualified special education teacher.
  • Teachers who started their qualified teaching service on or after October 30, 2004:
    • These teachers may receive up to $5,000 in loan forgiveness for service as a highly qualified, full-time elementary or secondary school teacher.
    • These teachers may receive up to $17,500 in loan forgiveness for service as a highly qualified, full-time mathematics or science teacher in an eligible secondary school or for service as a highly qualified special education teacher.
  • Certain teachers who previously received teacher loan forgiveness under the previous provisions of the law:
    • These teachers may receive loan forgiveness up to the difference between $17,500 and the amount that had previously been forgiven only if the borrower is otherwise eligible and has five complete consecutive years of qualified teaching service as a highly qualified full-time mathematics or science teacher in an eligible secondary school or a highly qualified special education teacher.

Additional Conditions:

  • At least one of the five qualifying years of teaching must have occurred after the 1997-98 academic year.
  • The loan must have been made before the end of the fifth year of qualifying teaching.
  • The elementary or secondary school must be public or private nonprofit.
  • A defaulted loan cannot be cancelled for teacher service unless you've made satisfactory repayment arrangements with the holder of the loan.

Forgiveness Download Application PDF (click here) Adobe Acrobat document icon

Teacher Loan Forgiveness Forbearance

  • For borrowers who are performing qualifying teaching service as a teacher in an eligible elementary or secondary school and would like to defer payments during this time.

Forbearance Download Application PDF (click here) Adobe Acrobat document icon

 

Return Instructions:

Click here for instructions on how to return the completed PDF forms.

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