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 this is something that I'm looking for, because of the covid19 outbreak. Does this count? I mean, this is covered?
Yes, there are special measures that has been taken about this, which will last from march 13 through sept 30 of 2020.
I'm wondering if my service as a teacher will help me in getting my federal consolidation loan forgiven?
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.
I have a loan question. What types of loans qualify?
Any loan received under the William D. Ford Federal Direct Loan Direct Loan Program would qualify for PSLF.
Okay. May I know the eligibility requirements for Direct Loans or Federal Family Education Loan FFEL Program loans?
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.