This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/guide-student-loan-forgiveness-teachers/
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I went to a private four-year university for undergrad. Some of the people I met throughout my time there were education majors.
It’s very common to leave my alma mater with tens of thousands in student loans. It’s also common for teachers to make very little at the beginning of their careers. Not surprisingly there are teachers who have student loan debt that is double their income, or more.
Thankfully there are options for teachers who are struggling with their student loan debt, including opportunities for partial or total loan forgiveness.
There are two major paths to student loan forgiveness for teachers. They include Teacher Loan Forgiveness (TLF) and Public Service Loan Forgiveness (PSLF). Because there are a number of teachers who start out in the profession and move to a different field, we’ll also touch on income-driven loan forgiveness.
Let’s start by going over the requirements of each program and see which option is best for teachers.
Teacher Loan Forgiveness
Teacher Loan Forgiveness, or TLF, forgives up to $5,000 or $17,500 after teaching full-time for five consecutive academic years of qualifying employment and repayment.
You must teach at an elementary school, … Read More
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