Loan Forgiveness
Public Service Loan Forgiveness Program – pays the remaining balance on a Federal Direct Loan after a loan recipient who works for a qualifying employer makes 120 consecutive monthly payments. Public school districts normally would be considered a qualifying employer. For more information go to: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/public-service.
Federal Perkins Loan Cancellation – provides full loan forgiveness of Federal Perkins loans for eligible teachers working in low income areas. For more information about this program, go to: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/perkins
Federal Teacher Loan Forgiveness Program – provides up to $17,500 in loan forgiveness for eligible teachers with Federal Direct Loans and Federal Stafford loans who work in low-income schools for five consecutive years. For more information about this program, go to: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/teacher#teacher-loan-forgiveness
Rural Recruitment Loan Forgiveness