Through the Montana Quality Educator Student Loan Assistance Program, teachers who are currently teaching in the state may qualify for student loan forgiveness totally up to $12,000. Continue reading to see how you may be eligible for this program and qualify for some of your student debt to be forgiven.
In order to be eligible for the Montana Quality Educator Student Loan Assistance Program, you must be a full-time teacher that is currently working in one of the following sectors:
- Public Schools
- Special Education Cooperative
- The Montana School for the Deaf and Blind
- The Montana Youth Challenge Program
- State Youth Correctional Facility
You must be teaching in an ‘impacted’ school that has critical shortages of educators.
As of 2017, the program has lost funding, however, be on the lookout for changes to the program and new funding coming in. You can also reach out to the local legislators to inquire about making funding of this program a priority in the future.
What is the award amount?
Through the Montana Quality Educator Student Loan Assistance Program, you may be eligible to get up to $3,000 per year for up to four years. This means that if you are eligible for this program and go through the four-year program you may qualify for a total of $12,000 that you can use to help pay down your student loans.
What loans qualify?
The following loans qualify for the Montana Quality Educator Student Loan Assistance Program:
• Stafford loans
• Grad PLUS loans
• Consolidation loans
• Perkins loans
• Private student loans
How to apply?
In order to apply for this Montana Quality Educator Student Loan Assistance Program, you will need to head over to the official website. As a reminder, this program has currently lost its funding, but keep checking back as things may change regarding the funding of this program.