immediately if my teaching service at an eligible school or ESA ends or I otherwise become ineligible for the Teacher Loan Forgiveness Program; and (4) I meet the eligibility requirements and have read and understand the definitions and terms and conditions for the Teacher Loan Forgiveness Program in Sections 6-8. I authorize. the entity to which I submit this request and its agents to contact me regarding my request or my loans …Teacher Loan Forgiveness Forgives up to $17,500 of your Direct or FFEL Subsidized or Unsubsidized Loans after 5 complete and consecutive years of teaching at a qualifying school. View complete program details at .Sections 4 through 7. Your loan holder will not return any payments you make during the period in which you meet the qualifications for this loan forgiveness. This forbearance is intended to assist borrowers who are expected to qualify for forgiveness of their total loan amounts, by allowing them to not make payments during this ;· Teacher Loan Forgiveness Forbearance. A Teacher Loan Forgiveness Forbearance can be requested while you are completing the 5 years of teaching service at an eligible Title I school. The forbearance will be applied in 1 year increments, so you must reapply annually. In order to qualify: Your loans must be eligible for the Teacher Loan Forgiveness Education Services - Teacher Loan Forgiveness Student Loan Forgiveness for Teachers | Accredited Schools 4 Loan Forgiveness Programs for Teachers | Department 4 Loan Forgiveness Programs for Teachers | Department You may receive up to $5,000 in loan forgiveness if you were a highly qualified full-time teacher for elementary or secondary school students. You may receive up to $17,500 in loan forgiveness if you were: A highly qualified full-time teacher of mathematics or science to secondary school students; orReturn the completed form to the address shown in Section 8. If you are applying for forbearance of loans that are held by different loan holders, you must submit a separate Teacher Loan Forgiveness Forbearance Request to each loan holder. Page 2of 4 SECTION 3: GENERAL INFORMATION AND INSTRUCTIONS FOR FORBEARANCE REQUESTThis forbearance form is located on the forms page. It must be submitted each year until the five years are completed. You may then apply for Teacher Loan Forgiveness. Your account will be approved for an "administrative forbearance" for 60 days beginning on the date your application is received. This forbearance is to allow time for ;· The federal government sponsors two student loan forgiveness programs specifically for teachers: the Teacher Loan Forgiveness Program and teacher loan cancellation. The Teacher Loan Forgiveness Program concerns individuals with subsidized and unsubsidized direct loans and federal Stafford loans, whereas loan cancellation applies specifically to teachers with federal Perkins the Teacher Loan Forgiveness Program, if you teach full time for five consecutive, complete academic years at certain elementary and secondary schools or for certain educational service agencies that serve low-income families and meet other qualifications, you may be eligible for forgiveness of up to a combined total of $5,000 or $17,500 (as applicable) of principal and interest on your Direct Loan and/or FFEL program loans.
