Of course. Learn about the forgiveness program to see whether you qualify.
Did you teach full-time for five complete and consecutive academic years in a low-income school or educational service agency, and do you meet the other listed qualifications?
Yes, I do !
Then you may be eligible for forgiveness of up to $ 17,500 on your Direct Subsidized and Unsubsidized Loans and your Subsidized and Unsubsidized Federal Stafford Loans.
I see. What if I have a federal consolidation loan?
In that case you may be eligible for forgiveness of the outstanding portion of the consolidation loan that repaid an eligible Direct Subsidized Loan, Direct Unsubsidized Loan, Subsidized Federal Stafford Loan, or Unsubsidized Federal Stafford Loan.
What are the eligibility requirements then?
Well, you must not have had an outstanding balance on Direct Loans or Federal Family Education Loan FFEL Program loans as of Oct. 1, 1998, or on the date that you obtained a Direct Loan or FFEL Program loan after Oct. 1, 1998.
Now that's interesting, thank you. What do I need to do to receive the maximum $ 17,500 in loan forgiveness?
Are you a highly qualified full-time mathematics or science teacher who taught students at the secondary school level?
No, sorry.
Are you a highly qualified special education teacher at either the elementary or secondary level whose primary responsibility was to provide special education to children with disabilities?
No, I'm not.