Federal Grants/Loan Forgiveness Programs

Stafford Loan Forgiveness for Teachers

If you teach full time for five consecutive years in a low-income school, you might be eligible to have a portion of your loan cancelled. This applies to FFELSM Stafford Loans, Direct Subsidized and Unsubsidized Loans, and in some cases, Consolidation Loans.

Federal Perkins Loan Teacher Cancellation

You qualify for cancellation (discharge) of up to 100 percent of a Federal Perkins Loan if you have served full time in a public or nonprofit elementary or secondary school system as a teacher in a school serving students from low-income families; or special-education teacher, including teachers of infants, toddlers, children, or youth with disabilities; or teacher in the fields of mathematics, science, foreign languages, or bilingual education, or in any other field of expertise determined by a state education agency to have a shortage of qualified teachers in that state.

Scholarship Resources