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Are you teaching at a low-income school that may qualify you for Teacher Loan Forgiveness? Find out here!
Teaching is a profession that requires a great deal of talent and responsibility, but it also provides educators with many personal rewards. These rewards are what attract many people into the teaching profession. Congress provided another incentive to teach when it established the Teacher Loan Forgiveness Program (TLFP). The TLFP was created to encourage individuals to enter and continue in the teaching profession in certain elementary and secondary schools that serve low-income families.
Under the TLFP, if you borrow loan funds through the Federal Stafford Loan Program (and in certain cases, the Federal Consolidation Loan Program), and you teach for five consecutive, complete years at an eligible school, you may qualify to have up to $5,000 ($17,500 for certain highly qualified secondary math and science teachers, and elementary and secondary special education teachers) of your loan balance forgiven.
Specific eligibility requirements and the teacher loan forgiveness (TLF) application process are outlined in this brochure. If you think you may qualify for loan forgiveness under this program, or if you need more information, you can call the TG Customer Assistance team toll-free at (800) 845-6267 or send an email message to cust.assist@tgslc.org.