In the previous posting, we noted that student loan forgiveness and cancellation for doctors and other health professionals was not confined to the feds. The same is true of teachers. There are a couple of federal programs for teachers, and you do not necessarily have to be teaching in impoverished public schools.
There are two major federal programs: one is loan forgiveness for Direct Subsidized Loans, Direct Unsubsidized Loans, Subsidized Federal Stafford Loans, and Unsubsidized Federal Stafford Loans. These are for teachers that do indeed teach in poor areas.
However, there is a loan cancellation program for those with Perkins Loans, and eligible teachers include those not only teaching in poor schools, but those in special education and teaching in math, science, foreign languages, and those teaching in subject areas deemed to have a teaching shortage in that state. Even teachers in private schools qualify.
However, there are state programs for loan forgiveness too.
There are two major federal programs: one is loan forgiveness for Direct Subsidized Loans, Direct Unsubsidized Loans, Subsidized Federal Stafford Loans, and Unsubsidized Federal Stafford Loans. These are for teachers that do indeed teach in poor areas.
However, there is a loan cancellation program for those with Perkins Loans, and eligible teachers include those not only teaching in poor schools, but those in special education and teaching in math, science, foreign languages, and those teaching in subject areas deemed to have a teaching shortage in that state. Even teachers in private schools qualify.
However, there are state programs for loan forgiveness too.
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