In order to encourage and reward those who work in public education, Congress established a Teacher Loan Forgiveness Program. If you’re a teacher, make sure to pay close attention to the information below. You could be eligible for eventual (or even immediate) student loan forgiveness!

If you teach full-time for five complete and consecutive years in certain elementary schools, secondary schools, or educational service agencies, which serve low-income families, and you meet additional qualifications, you may be eligible for forgiveness of a maximum total of $17,500 on your Direct Subsidized and Unsubsidized Loans and your Subsidized and Unsubsidized Federal Stafford Loans.

NOTE: You do NOT qualify for this forgiveness program if you have PLUS loans only

What are the Teacher Loan Forgiveness eligibility requirements?

There are several requirements set forth by the government to determine Teacher Loan Forgiveness eligibility. Oftentimes, these requirements can be quite daunting. To quickly and simply find out if you qualify, give us a call at 800­461­9203. We’d be more than happy to validate your eligibility.

If you’d like to browse through all of the eligibility requirements on your own, click here to visit the official government website dedicated to the matter.

Who is considered a teacher?

The government defines a teacher as a person who provides direct classroom teaching, or classroom­type teaching in a non­classroom setting. Special Education teachers also qualify as teachers.

How many years do I have to teach before I’m eligible?

To become eligible for Teacher Loan Forgiveness, you must work or have worked five full­time consecutive academic years.

What is the definition of “highly qualified?”

In order to be classified as a highly­qualified teacher, you must be a state­certified teacher. You must meet the standards of a new teacher OR pass a state evaluation if you are NOT a new teacher.

If you’re a new teacher at a middle or secondary school, you must have:

  • At least a Bachelor’s degree and have passed state tests
  • Successfully completed each of the academic subjects in which you teach, of an academic major, a graduate degree, coursework equivalent to an undergraduate academic major, or advanced certification or credentialing.

If you’re a new elementary school teacher, you must have:

  • At least a Bachelor’s degree and have passed state tests

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How Much Will I Qualify For?

Up to $5,000 forgiveness:

You may qualify for up to $5,000 forgiveness if you’re a full­time secondary education teacher of a subject relevant to your academic major, or if you’re a highly qualified, full­time secondary education teacher. You may also qualify if you’re a full­time elementary education teacher who demonstrates knowledge and teaching skills in any area of the elementary school curriculum or if you’re a highly ­qualified elementary education teacher.

Up to $17,500 forgiveness:

You may qualify for up to $17,500 forgiveness if you’re a full­time, highly­qualified special education teacher at an elementary or secondary school for children with disabilities (these disabilities must relate to your special education training, and you must have demonstrated knowledge of and teaching skills in the elementary/secondary school curriculum). You may also qualify if you’re a full­time, highly­qualified mathematics or science teacher for secondary school students.

Teacher Loan Cancellation

Up to 100% of your Federal Perkins Loan(s) can be discharged if you were a teacher at a public or nonprofit elementary/secondary school. You may also be eligible for this loan cancellation if you were a teacher at a low­income family school, if you were a special education teacher or if you were teaching math/science/foreign language/bilingual education or any other field of expertise that has a shortage of qualified teachers in the state you were teaching.

NOTE: Keep in mind, duties performed in your role as a teacher, not your position title, will determine your program eligibility. Regardless, you must be directly employed by the school system. You DO NOT qualify for loan cancellation if you are a teacher in post­ secondary education.

ADDITIONAL BONUS: You qualify for loan deferment while you are rendering services that qualify for Teacher Loan Cancellation.

Contact Student Debt USA at 800­461­9203 if you think you qualify for Teacher Loan Cancellation, and we will help you get started with the process!

Call us at 800-461-9203 for help with your student loans!

You’re a phone call away from reducing your monthly student loan payment.