Teacher

The Stafford/Direct Loan that you are seeking to have deferred must have been disbursed on or after July 1, 1987, but before July 1, 1993. Click here to check to see when your loan(s) was disbursed.

A teacher shortage area/targeted teacher deferments is intended to cover you while you are teaching full-time in a public or nonprofit private elementary or secondary school in a teacher shortage area defined by the U.S. Department of Education, as recommended by the chief state school officer of the state.

Loan Forgiveness for Teachers

Under certain circumstances, a portion of your student loan debt may be forgiven. Federal law provides the loan forgiveness for teachers.

Please contact your lender for applications and more information. Click here to see who your lender is.

Teacher Loan Forgiveness

The Taxpayer-Teacher Protection Act of 2004 increases teacher loan forgiveness benefits to borrowers who teach targeted subjects in low-income schools up to $17,500. This program is a federal program different from the Georgia based HOPE Teacher Scholarship Program and the Promise Teacher Scholarship Loan. To be eligible to receive cancellation for loans, teachers must have:

• Received a Stafford or Direct Loan after October 1, 1998, as a new borrower or have no outstanding balance at the time the promissory note was signed; Click here to check to see when your loan(s) was disbursed.

• Serve as teachers in designated low-income schools listed in The Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits; Click here to see if your school is a designated low-income school.

• Must teach in low-income school for five (5) consecutive school years (starting with the 97-98 academic year).

If you meet these requirements you may be eligible for a loan forgiveness. Please click here for the application form and send completed forms to the lender.