Monday, October 28, 2013

Teachers and Student Loans

There is a teacher loan forgiveness program that could help you lower your student loan amounts. If you teach for 5 years in certain low income schools and areas, and qualify, you can have up to $5,000 of your student loans forgiven.

If you teach in some specialties, there is loan forgiveness up to $17,500.

For both of these programs, check with your student loan account.

Are you thinking of becoming a teacher but can't afford it? There are TEACH grants up to $4,000. This is the "Teacher Education Assistance for College and Higher Education" program. Check with the financial aid office of the college you want to attend.

Other student loan forgiveness programs include the PSLF, or Public Service Loan Forgiveness program. You cna have your entire student loan paid for by working in public service full time for 10 years. Again, check with your student loan provider for details

Need more help? Try: Tips for teachers with student loans