Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits
Are you teaching at a low-income school that may qualify you for Teacher Loan Forgiveness? Find out here!
Unless you notify your loan holder to apply the funds differently, your loan holder must apply the proceeds of any loan forgiveness for which you qualify in the following order:
If your student loans are held by more than one holder, it is to your advantage to apply for loan forgiveness first with the holder that holds the largest balance of unsubsidized loans. To determine which holder has the largest unsubsidized balance, please review a summary of your loans on the National Student Loan Data System (NSLDS) website.
** Balance is defined as principal and interest.