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Loan Forgiveness for Teachers

Loan Forgiveness for Teachers

Jill Hare | Editor, Teaching

Oregon

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Loan Forgiveness Low-Income Program

The program is designed to allow loan forgiveness based on poverty rate of schools where teachers are employed and have loans under the Federal Perkins Loan (Perkins)/National Direct Student Loan (NDSL), Federal Family Education Loan (FFEL), and William D. Ford Federal Direct Loan (Direct Loan) programs.

Source: http://www.ode.state.or.us/search/page/?id=1668

Tennessee

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Tennessee Math & Science Teacher Loan Forgiveness

The Tennessee Math & Science Teacher Loan Forgiveness Program provides financial assistance to Tennessee public school teachers seeking an advanced degree in a math or a science, or a certification to teach a math or a science. Loan forgiveness requires employment in a Tennessee public school system two (2) years for each year of the loan funding received.

Source: http://www.tn.gov/CollegePays/mon_college/math_science.htm

Texas

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Student Loan Forgiveness for Teachers

Every year the Texas Education Agency (TEA) produces a list of subject-matter teacher shortage areas and a list of designated low-income schools that are submitted to the US Department of Education (USDE). Teachers with certain types of student loans may qualify for partial loan forgiveness, deferment, or cancellation benefits. Eligibility for these benefits depends on the type of loan the teacher has, the date of his/her first loan, and whether the teacher serves in a designated low-income school or subject-matter teacher shortage area.

Designated low-income schools are those with greater than 30% of enrolled students from low-income families, in districts that are eligible for Title I funds.

Source: http://ritter.tea.state.tx.us/edex/loanforgive.html

Utah

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T. H. Bell Teaching Incentive Loan

The Teaching Incentive Loan (TIL) is funded by the Utah State Legislature. TIL recipients are required to pursue an educator preparation program, obtain educator licensing, and then teach in Utah public schools for a period equal to the time they received assistance. The TIL consists of a waiver (of tuition and fees at the Utah public institutions and $995.00 per semester at private institutions) to be used for a period not exceeding 8 semesters. The program is jointly administered by the State Board of Education and the State Board of Regents.

Source: http://www.schools.utah.gov/cert/scholarships/Scholars.htm

Washington

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Future Teachers Loan Repayment Program

The Loan Repayment program encourages outstanding students and paraprofessionals to become teachers, and assists current teachers in obtaining additional endorsements in shortage subjects.

In return for conditional scholarships or loan repayments, participants agree to teach in Washington K-12 public schools, (usually two years of teaching for each year of funding). Funding is available for approximately 100 recipients in 2009-10.

Source: http://www.hecb.wa.gov/paying/waaidprgm/future.asp

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