Know All About Teacher loan forgiveness Programs 2023 Latest Update.
Loan Forgiveness Programs for Teachers are Available for Direct Loans and FFEL Program loans.
Eligibility: 1- You must meet other qualifications, and you may be eligible for forgiveness of up to $17,500.
2- Full-time for five complete and consecutive academic years in a low-income elementary school, secondary school.
3- You must not have any outstanding balance on Direct or FFEL Program loans as of Oct. 1, 1998.
How To Apply for Teacher Loan Forgiveness? You can apply by submitting a completed Teacher Loan Forgiveness Application.
The CAO of the ESA where you performed your qualifying teaching service must complete the certification section.
The maximum forgiveness amount is either $17,500 or $5,000, depending on the subject area taught.
For More Information related to Teacher Loan Forgiveness visit the Federal Student Aid website "studentaid.gov".