How to Get Teacher Loan Forgiveness


They say that teaching is a calling. It’s just not typically a calling to money.

If you’re an educator facing a pile of student debt, the good news is that there are multiple loan forgiveness programs specifically for teachers.

You don’t need to be a math teacher to realize that the $30,000-plus average amount of student loans to get a bachelor’s degree would be tough to pay off on a teacher’s starting salary of $41,163.

Even with federally held student loan forbearance extended until Sept. 1, 2022you shouldn’t ignore your student loan debt. In fact, this could be an opportune time to explore your possibilities before the freeze ends on interest and payments.

And while there are a number of programs specifically designed to help teachers pay off student loans, a word of warning to anyone looking for a quick and easy fix. All of the teacher loan forgiveness programs require you to stick to a strict repayment schedule during a qualifying period when you must remain in the teaching profession.

The takeaway: You’d better enjoy teaching, because you’re going to have to do it for a while if you want to get your student loans wiped out.

Teacher Student Loan Forgiveness Programs

Let’s take a look at the different options for student loan forgiveness. They vary based on the types of loans you have, the amount that’s eligible for forgiveness, the school where you work and even the subject you teach.

1. Teacher Loan Forgiveness (TLF)

This loan forgiveness program should be an obvious, easy choice, with the word “teacher” in the title. But there are some rigid requirements.

Which Loans Are Eligible?

To qualify for Teacher Loan Forgiveness, you need to have one of the following loans:

Simply, unless you have a Direct Federal Student Loan — made through the William D. Ford Federal Direct Loan program — you aren’t eligible for this program. However, you can consolidate Federal Family Education Loans into a Direct Consolidated…



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