Mississippi Teacher Loan Repayment Program
Funds are available to help teachers pay back their undergraduate loans if they currently hold an Alternate Route Teaching License and currently teach in a Mississippi Teacher Critical Shortage Area (geographic or subject area).
- The applicant must be a U.S. citizen.
- The applicant must have the appropriate nontraditional educator’s license, as determined by the State Board of Education.
- The applicant must teach full-time, as defined by the State Board of Education. Qualifying positions include teacher and school librarian; invalid positions include, but are not limited to, the following: assistant teacher, full-time substitute, high school counselor, curriculum specialist or administrator.
- The applicant must teach full-time for a period of not less than one (1) academic year in grades kindergarten through twelve (K-12) in a Mississippi public school or public charter school located in a geographical shortage area approved by the State Board of Education OR teach in a K-12 public school or public charter school a critical shortage subject approved by the State Board of Education for 75% of the workday. NOTE: Designation as a Title I school does not necessarily mean that the school qualifies for teaching service cancellation. It is fully understood that it is the responsibility of the forgivable loan recipient to seek and secure employment in an area designated by the State Board of Education as having a critical teacher shortage. Neither the Board nor the State Board of Education assumes the obligation to perform that function. Geographical and subject critical shortage areas are determined by the State Board of Education. A list of critical shortage areas is published online at www.mississippi.edu/financialaid.
- The applicant must have outstanding qualifying educational loans, received while pursuing an undergraduate degree. Qualifying educational loans obtained while in undergraduate school include the principal, interest, and related expenses such as the required interest premium on the unpaid balances of government (federal, 2 state or local) and commercial loans obtained by the recipient for undergraduate educational expenses. Perkins loans and loans attained for receiving a master’s degree do not qualify for repayment under MTLR.
- The applicant must not have received funds from the William Winter Teacher Forgivable Loan Program (WWTS), William Winter Alternate Route Forgivable Loan Program (WWAR), Critical Needs Teacher Forgivable Loan Program (CNTP), Critical Needs Alternate Route Teacher Forgivable Loan Program (CNAR), or Teacher Education Scholars Forgivable Loan Program (TES) as an undergraduate student.
- The applicant must not have previously incurred an obligation for teaching service to the federal, state, or local government or other entity unless the obligation is completely satisfied prior to the beginning of service under this contract. (i.e. federal TEACH grant, state Graduate Teacher Forgivable Loan Program, or state Counselor and School Administrator Forgivable Loan Program).
- The applicant must not be in breach of a teaching service contract to the state under the Graduate Teacher Forgivable Loan Program (GTS) or Counselor and School Administrator Forgivable Loan Program (CSA). I. The applicant must not presently be in default or delinquent on any federal, state, local or commercial qualifying educational loan.
Award Amount and Length of Eligibility:
- Recipients receive up to $3,000 annually toward their undergraduate loans for a maximum of four years and $12,000. Awards are paid directly to the loan servicer.
- MTLR recipients are not eligible for any other state aid.
Loans That Qualify
- Stafford loans
- Consolidation loans
- Private student loans
Your loans must be for your undergraduate education.
You can find the application for this repayment program here.