Montana Quality Educator Loan Assistance Program
With support from MEA-MFT, the Montana Legislature authorized a Quality Educator Loan Assistance Program for K-12 educators and licensed professionals.
The program provides for the direct repayment of educational loans. The total loan repayment assistance may not exceed $3,000 per year for up to four years. Qualified applicants will be ranked based on a scoring system that takes into account the impacted schools and academic areas.
The number of annual awards is limited and contingent upon legislative appropriations. Each applicant will be scored according to the endorsement area and school of the applicant. Not all qualified applicants are guaranteed loan assistance.
- To qualify for the program you must meet the following requirements:
- A full-time educator holding a valid educator license or a licensed professional providing services to students in a school district, an education cooperative, the Montana School for the Deaf and Blind, the Montana Youth Challenge Program or a state youth correctional facility.
- Teaching in an impacted school. These are defined as more rural, have a higher percentage of economically disadvantaged students, and/or have greater challenges in closing the achievement gap.
- Teaching in an academic area impacted by critical educator shortages.
Loans That Qualify
- Stafford loans
- Grad PLUS loans
- Consolidation loans
- Perkins loans
- Private student loans
If you have questions regarding the program and application process, contact the Montana Guaranteed Student Loan Program at 800.537.7508. Or contact MEA-MFT Public Policy Director Marco Ferro at 800.398.0826, 406.442.4250, or [email protected].
You can find the application for this assistance program here. (An account is required to access the site.)