Tuesday, January 5, 2016

Teacher Loan Forgiveness


Did you pay big bucks so that you could teach? If you are looking to get rid of some of the debt that came along with that degree, here are two pieces for you to consider.

1. Horace Mann is offering a workshop on Tuesday, January 12, to help teachers determine if they qualify for student loan forgiveness or repayment programs and get started on the next steps. Interested? Join them at Washington High School at 7 pm in A106. Bonus: You can earn 1 CECH toward re-certification. Please RSVP to betty.erickson@sdea.org if you plan to attend. (They need a headcount so they can plan dessert accordingly.) UPDATE: Non-SFEA members are welcome to attend; there is, however, a $20 fee for non-members.

2. If you would prefer to look at your options independently, the Federal Student Aid website provides some helpful information. There are two types of loan forgiveness programs for teachers you can explore. If you have a Direct Subsidized Loan, Direct Unsubsidized Loan, Subsidized Federal Stafford Loan, or Unsubsidized Federal Stafford Loan, you should look into the Teacher Loan Forgiveness program. If you have a Federal Perkins Loan, you should look into the Teacher Cancellation program.

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