Teacher Loan Forgiveness:
Teacher Loan Forgiveness (TLF) is a forgiveness program for full-time educators who are employed by a low-income elementary, a low in-come secondary school, or educational service agency.
Forgiveness amounts are dependent on what subject the educator teaches. Highly qualified teachers who teach math, science, or special education can receive up to $17,500 in forgiveness. All other educators can qualify for up to $5,000 in forgiveness.
Educators must teach five consecutive years at a low-income school to qualify. Direct and FFEL loan programs are eligible for TLF.
Please be advised: In order to qualify for Teacher Loan Forgiveness, you will need to complete five consecutive years of teaching at a Title I school. However, if you lived and/or taught in Puerto Rico or the U.S. Virgin Islands between September 2017 and September 2018, and were impacted by Hurricane Maria or Hurricane Irma, you may still be eligible for forgiveness. The requirement for consecutive years of teaching may be waived, provided you still have taught at a Title I school for five years.
Contact us today to discuss your eligibility!