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teacher loan forgiveness
Old 01-24-2011, 06:27 AM
 
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Any great programs out there for this? Are they legit? I found one that says I "may qualify for up to $5,000". It seems to good to be true. What is your experience?


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Old 01-24-2011, 06:44 AM
 
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Its true. You need to work in a public school and have five years of teaching. You fill out a form and have your principal sign it. I am doing mine this may. You might want to ask who ever you have your loan with first.
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Old 01-24-2011, 09:01 AM
 
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What I've found is it's only true if you work in a Title I school and teach in a high-need area--math, science, special ed.

I teach social studies at a Title I school and was not eligible for loan forgiveness. Also, you can not have already consolidated your loans to do this.
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Loan Forgiveness
Old 01-24-2011, 09:29 AM
 
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I received my letter from the federal loan (Direct Loan) people on Friday actually, stating my loan forgiveness had gone through and my loans are now $5000 less

I have taught in 3 different districts/4 schools, but at all Title 1 schools and did not teach just Math or Science. I was an elementary teacher (all subjects) at 3 of the schools and taught 7th grade Language Arts at the other. I had no problems getting my forgiveness paperwork approved. I sent it January 5, 2011 and according to the letter, it was effective January 13, 2011. Also, my loans from my undergrad and graduate degrees have been consolidated since the day I graduated. I had consolidated my undergrad first then consolidated my graduate loans with them when I finished that degree in 2009.

I'd be more than happy to answer any questions you have.
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Old 01-24-2011, 11:09 AM
 
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Where do you go to fill this paper work out? This is my sixth year. I completely forgot about this program. Let me know


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Old 01-24-2011, 12:38 PM
 
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I hope this program is still around when I am eligible....I'm still a newbie but I work in a Title I school and teach reading so I think I would qualify.
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Old 01-24-2011, 01:06 PM
 
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I got 5000 for tuition reimbursement. If you teach Special Ed, you can get 18,000.
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Old 01-24-2011, 01:22 PM
 
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I have just been working on this in the past couple days. Looks like you fill out the document on http://ifap.ed.gov/dpcletters/GEN0613.html. Then you will notify your loan provider. You can get the 5000 just being any teacher in a title 1 school for 5 years.
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Old 01-24-2011, 03:06 PM
 
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Here is the link to the paperwork I sent in for my $5000.

https://www.dl.ed.gov/borrower/Other...an Forgiveness
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Old 01-24-2011, 03:21 PM
 
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Not EVERY Title 1 school qualifies. Your school must have a certain percentage of students that qualify. Unfortunately, though we have title 1 my place of employment is NOT on the list. Make sure you check the website and see if your school is on their list.


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???
Old 01-24-2011, 03:23 PM
 
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I thought you could do $1000 a year for 5 years, it being deducted as you work. Is this true or do you have to teacher all five years first?
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Thanks
Old 01-24-2011, 05:46 PM
 
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Thanks for the info. I checked, and my school is on the list! I'm filling out the forms tomorrow! Just one more reason why I love PT!
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Old 01-24-2011, 07:23 PM
 
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I've never heard of the $1000/year for 5 years. The paper work I filled out very specifically states that you must teach for 5 consecutive years before you can apply.

If anyone has any questions, I'd definitely call Direct Loans to clarify. I did before I sent everything to the different schools just to verify that it HAD to be an administrator that filled out the paper work and that it couldn't be from HR or any other department. They verified that it had to be an administrator....made the process much more frustrating as 1 former administrator has changed schools and another has since passed away. It all worked out, though, since all administrators have access to employment dates, etc.
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Old 01-25-2011, 02:47 AM
 
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I can't even remember the program that I used...but yes, I got 3K forgiven!! Very nice!
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Old 01-25-2011, 03:42 AM
 
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I did the $5000 loan forgiveness at the link above and it worked! I got it deducted from my HUGE loan! Your school has to be on the list of approved Title 1 schools AND you have to be working there for at least 5 years. The paperwork was simple! I heard back from them in a couple of weeks. I heard about this on PT a year or so ago... just like the poster above... another reason why I love PT!
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Teacher Loan Forgiveness
Old 06-17-2011, 04:38 PM
 
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This may sound silly, but do you have to pay back this loan? I did not read anything about re-payment. And I'm wondering if you 5,000 towards your tuition reimbursement if that was the whole forgiveness part ...?
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Old 06-17-2011, 05:35 PM
 
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This may sound silly, but do you have to pay back this loan? I did not read anything about re-payment. And I'm wondering if you 5,000 towards your tuition reimbursement if that was the whole forgiveness part ...?
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