How to Get Your Loan Forgiven by Being a Teacher In a Low-Income Area

Forgiving student loans by being a teacher in a low-income area is a way to encourage those in the education field to remain there. Many low-income areas need teachers, and if you have a passion for teaching and you meet the qualifications, you can be on your way to having your student loans forgiven. If you give a little, you can get a little.

Instructions

    • 1

      Pay off any outstanding loans from the Direct Loan or Federal Family Education Loan Program (FFELP) made on or after October 1, 1998.

    • 2

      Set up the loans you are planning to forgive before the end your fifth year of qualifying teaching service.

    • 3

      Work as a full-time teacher for a full five consecutive academic school years. One of the qualifying years has to have taken place after the 1997-1998 academic school year.

    • 4

      Work at a non-profit elementary or secondary school. The school can be public or private so long as it is non-profit and services low-income students.

    • 5

      Fill out the Teacher Loan Forgiveness Application. Turn in the application to the Chief Administrative Officer at your school to fill out the certification section of the application.

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