Teach For Texas Loan Forgiveness
To Be Eligible …
Every year TEA submits a list of teacher shortage areas by subject matter and a list of designated low-income schools to the U.S. Department of Education. Teachers with certain types of student loans may qualify for partial loan forgiveness, deferment, or cancellation benefits.
Eligibility for these benefits depends on the type of loan the teacher has, the date of his or her first loan, and whether the teacher serves in a designated low-income school or subject matter teacher shortage area.
Loan Forgiveness Options
This section explains loan forgiveness options for teachers and all other school staff. Teachers may apply for any of the four programs listed below if the balance of their unpaid federal student loans exceeds the forgiveness amount and if they meet the requirements of the program. Private loans are not eligible. If you are not sure what type of loan you have, contact your lender.
Loan forgiveness options for teachers only are as follows:
- Federal Teacher Loan Forgiveness
- Teach for Texas Loan Repayment Assistance (outside source)
- Public Service Loan Forgiveness (outside source)
- Federal Perkins Loan Teacher Cancellation (outside source)
- Math and Science Scholars Loan Repayment Program (outside source)
You must have a federal Perkins loan to be eligible for loan forgiveness. You can start the loan forgiveness process at the beginning of your first eligible year of teaching service. You must contact the university that provided the loan.
Loans That Qualify
- Stafford loans
- Grad PLUS loans
- Consolidation loans
- Perkins loans
Applications are emailed to eligible teachers, but you can also find out more information here