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Loan Forgiveness for Teachers

Maine

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Educators for Maine Program

A merit-based forgivable loan program that provides assistance to students pursuing a career in teaching, speech pathology and child care.

Source: http://www.famemaine.com/education/financialAidPrograms.asp#educatorsforMaineProgram

Maryland

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JANET L. HOFFMAN LOAN ASSISTANCE REPAYMENT PROGRAM (LARP)

Maryland residents who provide public service in Maryland State or local government or nonprofit agencies in Maryland to low income or underserved residents.

Teachers at any level or subject field who teach in schools designated as Federal Title I or Schools Identified for Improvement by the Maryland State Department of Education (MSDE). The official list of schools is available at the bottom of the LARP program description page (see below). Head Start Programs are not eligible.

Teachers with the following areas of certification:

1. technology education (secondary);
2. chemistry (secondary);
3. computer science (secondary);
4. English for Speakers of other Languages-ESOL (elementary & secondary);
5. health occupations (secondary);
6. Latin (secondary);
7. mathematics (secondary);
8. physics (secondary);
9. earth/space science (secondary);
10. physical science (secondary);
11. dance (elementary and secondary);
12. reading specialist (elementary & secondary);
13. speech language pathology (educational service area);
14. Spanish (secondary); and
15. special education: generic – infant to grade 3; grades 1 through 8; grades 6 to adult; hearing impaired; severely & profoundly disabled; visually impaired.

Source: http://www.mhec.state.md.us/financialAid/ProgramDescriptions/prog_larp.asp

Mississippi

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Mississippi Teacher Loan Repayment Program (MTLR)

Mississippi 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 or Critical Subject Area.

Recipients may receive up to $3000 annually toward their undergraduate loans for a maximum of four years. Awards are paid directly to the loan servicer. Recipients must apply each year.

Source: http://www.mississippi.edu/riseupms/financialaid-step3-grants-loans.php?article_id=239

Montana

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Quality Educator Loan Assistance Program

The Quality Educator Loan Assistance 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.

Source: http://www.mgslp.state.mt.us/Content/Managing_Your_Loan/Repayment_Options/Quality_Educator_Loan_Assistance_Program

Nebraska

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Shortage Areas/Low Income Loan Forgiveness

Teachers that teach in approved shortage subject areas or low income schools, including Title 1 schools, may qualify for loan forgiveness in Nebraska.

Source: http://www.nebraskateachereducation.org/loan_scholar.htm

New Mexico

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Teacher Loan-For-Service

The purpose of the Teacher Loan-for-Service is to proactively address New Mexico’s teacher shortage by providing students with the financial resources to complete or enhance their post-secondary teacher preparation education.

The award may not exceed $4,000 per year. Each award may be renewable for up to five years if application is submitted each year.

Source: http://fin.hed.state.nm.us/content.asp?CustComKey=196394&CategoryKey=197309&pn=Page&DomName=fin.hed.state.nm.us

North Dakota

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Teacher Shortage Loan Forgiveness Program

The intent of the Teacher Shortage Loan Forgiveness Program is to reduce a student’s loan indebtedness for individuals teaching in North Dakota at grade levels and/or in content areas identified by the Department of Public Instruction as having a teacher shortage.

Funding recipients are eligible to receive up to $1000 per year in continued loan forgiveness for each consecutive year they teach in a teacher shortage area, subject to a maximum of $3,000.

Source: http://www.ndus.nodak.edu/students/financial-aid/details.asp?id=430

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