Stafford Loan Forgiveness Program for Teachers

The Teacher Loan Forgiveness Program was created by Congress to encourage individuals to enter and continue in the teaching profession, specifically in schools serving low-income families. Under the Teacher Loan Forgiveness Program, if an individual has a Federal Stafford loan(s) and in certain cases, a Federal Consolidation loan(s) and has taught full time for five consecutive, complete academic years in an eligible subject, at an eligible school (elementary or secondary), the individual may qualify for teacher loan forgiveness.