Submitted by Jessica Sturcken Educators Retirement Playbook Member
Balancing student loan debt and other monthly living expenses can be a challenge. But assistance is out there to help get you on the road to financial success.
The federal government offers three student loan forgiveness programs that teachers and public school district employees may qualify for – you could have $5,000, $17,500 or the remaining balance of your loan forgiven.
You may be eligible for loan forgiveness if you’re a:
- full-time teacher who has taught or will teach in a qualified low-income school for five consecutive years;
- school employee or other qualifying public service organization employee who has made 120 qualifying payments;
- Perkins Loan borrower; or
- Parent PLUS Loan borrower who meets qualifying conditions.
Federal forgiveness program details can be confusing to navigate and may not work for everyone.
For more information, visit a reputable site such as studentaid.ed.gov.
*Disclaimer: The views and opinions expressed in this article are those of the author