The Teacher Loan Forgiveness Program paid off my entire loan!

[Anonymous]

I can hardly believe it. When I applied back in June I expected to maybe get 1k paid off because of the current economy. However, I received a letter in the mail yesterday from Sallie Mae congratulating me on my loan forgiveness approval. In total they paid off $17,160. This news comes at a great time because I will be closing on my brand new home in a few weeks.  

[Anonymous]

that is awesome-

thank you for being a teacher

[Anonymous]

*leaps up and cheers wildly* My mum is praying they pay hers off in full. She's an inner city junior high math teacher working on her Master's.

[Anonymous]

Congrats! I had 20K out of 60K forgiven when I agreed to work in the Substance abuse field out of grad school (Clinical Social Work)  at an inner city agency. I could have had all of it forgiven if I stayed 2 years longer, but I moved into a higher paying position. It's a great program. I'm surprised how many folks don't know about it.

Again, Big congrats. It must be a great feeling!!

[Anonymous]

Wow,congrats!  That's amazing!  What kind of programs do they have that offer loan forgiveness? Do you have to teach in a public school?

[MattH]

According to the Federal Student Loan folks at
http://studentaid.ed.gov/PORTALSWebApp/students/english/teachercancel.jsp

SOME teachers can get their loans forgiven -- they must either teach at low-income schools or be qualified to teach subjects in which there is a shortage of teachers.

[Anonymous]

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MattH wrote:
According to the Federal Student Loan folks at
http://studentaid.ed.gov/PORTALSWebApp/students/english/teachercancel.jsp

SOME teachers can get their loans forgiven -- they must either teach at low-income schools or be qualified to teach subjects in which there is a shortage of teachers.

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That's exactly how I qualified. I teach at a school where over 90% of the student population is on free or reduce lunch and I am a special needs teacher.

[MattH]

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@Anonymous wrote:

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@MattH wrote:
According to the Federal Student Loan folks at
http://studentaid.ed.gov/PORTALSWebApp/students/english/teachercancel.jsp

SOME teachers can get their loans forgiven -- they must either teach at low-income schools or be qualified to teach subjects in which there is a shortage of teachers.

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That's exactly how I qualified. I teach at a school where over 90% of the student population is on free or reduce lunch and I am a special needs teacher.

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Sounds like you earned every cent of the forgiven loan balance! I paid mine off out of my own pocket, but since I work in the corporate world I could afford to so I'm hardly complaining.

[Veee]

God bless you!  I have a special needs child, well he's not really a child anymore (by age)

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ladylpk74 wrote:

That's exactly how I qualified. I teach at a school where over 90% of the student population is on free or reduce lunch and I am a special needs teacher.

[Anonymous]

Oh, wow!! I wonder if I can get any forgiven. I al getting perkins forgiven, but I have $46,000 in stafford that I would love to have any help with. I am going to try for the new plan and pay 10 years to get the rest forgiven, but I would like some done now if possible. I teach in a low income public school, too. How do I go about this?