Through the Iowa Teacher Student Loan Forgiveness Program, teachers who are currently practicing may be able to qualify for student loan forgiveness. Continue reading to see what the requirements are for this program.
You may be eligible for this award if you’re a fully licensed instructional teacher whose first teaching position in Iowa began no earlier than July 1, 2007, and you teach in a shortage subject area designated by the Iowa Department of Education.
How much can I expect to be awarded?
Through this program, you may qualify for up to 20% of your total eligible student loan balance which may include your principal and interest per year. The maximum you can apply for is determined annually, but it cannot exceed the average resident tuition rate established for students attending Iowa’s Regent Universities for the first year following your graduation.
What loans qualify for this program?
The Iowa Teacher Student Loan Forgiveness Program, the following loans are accepted:
• Stafford loans
• Consolidation loans
How do I apply for this program?
To apply for the Iowa Teacher Student Loan Forgiveness Program you can head over to the official Forgiveness Program website.