Teachers have the most options (compared to other careers) for student loan forgiveness. That's awesome – but it can also be confusing. With so many programs, and so many requirements, student loan forgiveness for teachers is a complicated subject (get it… subject…sorry, lame teacher joke).
If you're a teacher, you have four main programs/ways to get student loan forgiveness. You also have a secondary avenue for student loan forgiveness based on your repayment plan.
Given that the average teacher only makes around $38,727 based on Payscale, and that the average student loan debt in 2017 is $37,000 according to The College Board, any help that teachers can get is essential.
Let's break down the four main ways to get student loan forgiveness for teachers, what the other options are, and how to get professional help if you want it.
Option 1. Public Service Loan Forgiveness (PSLF)
Public Service Loan Forgiveness (PSLF) is one of the top ways to get student loan forgiveness. This program allows you to get complete Federal student loan forgiveness after 120 qualifying payments.
What's great about this program is that it offers the most options for teachers - you don't have to be at a qualifying Title 1 school. Any teacher at any school counts. In fact, any worker at a school counts (librarian, teacher's aid, principal, janitor, etc.).
There are three major requirements for PSLF:
- Certified Employment For 120 Payments - You can find the employment certification form here.
- Direct Loans - Other loan types (such as FFEL) don't count.
- Qualifying Repayment Plan - The qualifying repayment plans for PSLF are the Standard 10-year plan, IBR, PAYE, RePAYE, ICR, and certain payments made under the graduated plan.
We have a short online training on Public Service Loan Forgiveness if you want more details or want to ensure you remain compliant with the program.
Option 2. Teacher Loan Forgiveness
Teacher Loan Forgiveness is a program that was started before PSLF, and allowed teachers at qualifying schools to have up to $17,500 of your Direct or FFEL loans forgiven after 5 years.
This program has many more stipulations that PSLF, and also forgives a smaller amount. The major requirements for Teacher Loan Forgiveness are:
- 5 Complete & Consecutive Years At A Qualifying School - You can find the list of qualifying schools here. The five years must be completed after 1998.
- Certain Teachers Get Up To $17,500, Others Up To $5,000 - If you're a highly qualified secondary math or science teacher, or special education teacher, you can receive up to $17,500 in forgiveness.
Once you've completed your 5 consecutive years, you can apply for forgiveness under the program.
**As a side note, you can combine both PSLF and Teacher Loan Forgiveness, just not at the same time. For example, you'd need to work 5 years and do Teacher Loan Forgiveness, then 10 years and apply for PSLF. This doesn't really make any sense because PSLF forgives the entire amount after 10 years. So, if you're considering this route, just go with PSLF.
A circumstance where it might not make sense is if you don't plan on working for 10 years. If you meet the 5 year criteria, and don't plan on teaching any longer, Teacher Loan Forgiveness could make sense.
Another circumstance where it could make sense is if you haven't consolidated your loans and have FFEL loans. Since FFEL loans don't qualify for PSLF, you could do Teacher Loan Forgiveness first, then consolidate your loans and go for PSLF.
Option 3. Perkins Teacher Loan Forgiveness
If you have Perkins Loans, you can get forgiveness up to 100% of your loan balance if you teach full time at a low-income school or teaching certain subjects.
If you have Perkins Loans, you can see your entire loan balance forgiven over 5 years. The great thing about this program is that it gives forgiveness in increments, so even if you don't make it 5 years, you can at least see some of your loan balance disappear.
Here's how it breaks down:
- Year 1: 15% Forgiveness
- Year 2: 15% Forgiveness
- Year 3: 20% Forgiveness
- Year 4: 20% Forgiveness
- Year 5: 30% Forgiveness
This program also has a lot of stipulations. Here are the key requirements:
- Must Teach At A Low Income School or Certain Subjects - You can find the list of qualifying schools here.
- The Qualifying Subjects Include - math, science, foreign language, bilingual studies, and others that have been determined to be in shortage in your state.
- Private Schools Potentially Eligible - If your school is a 501(c)(3) non-profit, it is eligible under this program.
The difficult part of Perkins loans is that they are administered by your college where you received the loan. In order to apply for forgiveness, you need to reach out to your loan servicer or the financial aid office where you received the Perkins Loan.
Option 4. State-Based Loan Repayment Assistance Programs
45 states and the District of Columbia all offer state-based student loan repayment assistance programs. These programs are designed to help states staff teachers in areas or programs where they have shortages.
We have a complete list of state-based student loan forgiveness programs here: Student Loan Forgiveness Programs By State.
It's important to note that, while you may qualify for multiple programs, you cannot overlap programs. For example, if you qualify for a state-based program, you cannot qualify for PSLF at the same time - you would need to do it sequentially.
That's why it's important to look at the value of the state-based program and your own situation prior to signing up for any program.
Secondary Ways To Get Student Loan Forgiveness For Teachers
Beyond these student loan forgiveness programs, there are "secret" student loan forgiveness options that most teachers don't realize. These are secondary ways to get loan forgiveness if something doesn't work out with the above programs (for example, you might stop teaching or working before you qualify).
This "secret" is that all income-based repayment programs (IBR, PAYE, RePAYE, ICR) all include student loan forgiveness on any remaining balance after the repayment period (typically 20 or 25 years). These programs are automatically part of your repayment plan, and you don't have to do anything to sign up (other than continue to maintain eligibility on the repayment plan).
So, if you somehow don't qualify for one of the forgiveness programs listed above, hope is not lost. It will just be a longer process, but you can still potentially get loan forgiveness.
How To Get Professional Help With Your Student Loans
It's important to note that you can do everything with your student loans yourself for free. StudentLoans.gov has a lot of great resources and online applications where you can apply for these programs. However, some people may want to pay for professional help with the student loan debt.
If you don’t qualify, refinancing your student debt presents an alternate opportunity to save thousands. Credible enables you to fill out one form and look at personalized offers from multiple lenders.
If you're not quite sure where to start or what to do, consider hiring a CFA to help you with your student loans. We recommend The Student Loan Planner to help you put together a solid financial plan for your student loan debt. Check out The Student Loan Planner here.
Final Thoughts
Student loan forgiveness for teachers is a real thing. Teachers have more options for student loan forgiveness than pretty much any other profession. If you're a teacher, you need to be taking advantage of these programs to get out of student loan debt.
It's essentially free money you're ignoring by not taking action. If you need help, reach out! There are lots of ways to get help to ensure you get the student loan forgiveness you deserve.
Carlee says
Hello! I am wondering if these options apply to those with a cosigner who is a teacher in a low-income area. My mom has been a teacher for 15+ years in a low income area and she was the cosigner for several of my brother’s student loans. Would that make his loans qualified for any of these programs? Or does it need to be the actual borrower who is a teacher?
Robert Farrington says
Likely no. When you say “cosigner”, you’re either talking about Parent PLUS Loans or private loans.
Parent PLUS Loans are loans that are 100% in her name. Learn about your options here: http://growth360tci.wpengine.com/17101/options-if-you-cant-afford-your-parent-plus-loans/
Private loans are offered by private banks and typically require a cosigner. Both your mom and brother are equally responsible. Learn more about your options here: http://growth360tci.wpengine.com/18536/options-if-you-cant-afford-your-private-student-loans/
Victoria says
This guide is really helpful. Thanks for sharing. Hopefully I can pay up my student loan soon.
Robert Farrington says
Glad we could help!
Lillian Fines says
This is a scary process. It’s difficult to trust any one. I am always so skeptical of corporations saying they can help you. I was in touch with someone today whose fee is $895. I’m looking into if the Doan Solutions is a quality company.
Help…my college education is drowning me in finances.
Robert Farrington says
Hi Lillian, it can be difficult to know if a company is legitimate or a scam. We put together a guide with red flags to look for if you’re going to pay a company for help. Read this before moving forward with anyone: http://growth360tci.wpengine.com/16429/is-your-student-loan-repayment-company-a-scam/
Becky Cain says
I consolidated my loans in 2005 but took out original loans prior to the 1998 date for the Teacher Forgiveness Loan. Which date will they look at in order to see if I qualify for the forgiveness?
Robert Farrington says
Since you had an “outstanding balance” in 1998, that will prevent you from getting Teacher Loan Forgiveness.
If you still are struggling to repay your loans, and are looking for forgiveness options, consider Public Service Loan Forgiveness.
You can re-consolidate your loans today, so you have a qualifying Direct loan.
Then, you would just have to meet the other criteria:
– Qualifying Repayment Plan
– 120 payments while working at a qualified employer
Amber Schultz says
My husband and I consolidated our loans together right after college. At the time (mid to late 1990’s) that “disqualified” us for forgiveness options according to Nelnet. I have taught special education in a title one public school for 10 years. Do we have new options?
Robert Farrington says
Ugh, spousal consolidation was the worst thing ever – and it’s gone for a reason. Sadly, there isn’t much you can do. You don’t have any forgiveness options and you can’t re-consolidate. You also are limited in your repayment plans as a result of the consolidation.
Stephanie says
Hello,
I have been paying $300 a month onfor close to ten years now. It’s still not even close to being paid off. I recently got a part time position as a Art Teacher at a low income school. Is there anything out there for me to lower or forgive my loans?
Robert Farrington says
You must have full time employment in public service to qualify. What’s your other job?
Jeff M says
Hello
My wife is a high school science teacher in MD. She has found out she quilfies for the 120 payments forgiveness. But can she do the 2 year 17500 forgiveness first which will help save some money if it’s paid to maybe one or two loans? Or will it disqualify her in some way?
Robert Farrington says
You can’t combine them at the same time. You can do them sequentially – but it doesn’t usually make sense to.
I would go after PSLF, get on the lowest repayment plan she qualifies for, not make any extra payments, and enjoy getting as much forgiven as possible.
Read this about why she shouldn’t pay more if she’s getting forgiveness: http://growth360tci.wpengine.com/19797/pay-ahead-status-loan-forgiveness/
Consider this since you’re married, it could lower her payments even more: http://growth360tci.wpengine.com/17807/the-math-behind-married-filing-separately-for-ibr-or-paye/
Leticia says
Thank you for all of the great advice. I have recently begun subbing and the same school i taught for three years prior. Can i still eventually apply for a loan forgiveness??
Robert Farrington says
Are you working full time? For PSLF, you must have full time public service employment.
However, it doesn’t have to be contiguous. Each of the 120 payments is counted individually, so if you go back to full time work, you can pick up where you left off.
Geraldine Lee says
I am a teacher and have been teaching(Math) at a secondary school consecutively for 5 years at a Title 1 school and want to apply for the loan forgiveness program. Can you please send me the link to submit my application or guide to the correct site.
Robert Farrington says
You can find more information about Teacher Loan Forgiveness and the application here: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/teacher
However, if the $17,500 doesn’t cover the entire loan balance, it usually makes sense to go for PSLF if you qualify.
Shawn says
I am a full time high school math teacher and I am having trouble looking at some of these sites. I live in Florida but some of the sites come up blank when you search for low income schools in Florida. Any suggestions?
Robert Farrington says
Talk your your school district about which are Title 1 schools. Sorry the Department of Education doesn’t maintain their website anymore.
Also, remember, PSLF is better than Teacher Loan Forgiveness everyday.
Theresa Armstrong says
I am a Spanish teacher. I have worked at a Catholic School for 4 years full time before being picked up by a Charter School to be resourced out to all the Catholic Schools in the area. I have been with them for the now 3 years at full time. So I have been working 7 years straight full time. Does these years count for anything? Can I apply for the PSLF after ten years?
Robert Farrington says
Yes, if you can certify your employment in public service (which this sounds like it is), then you’re potentially 7 years towards forgiveness.
Remember, you need to certify your employment, have Direct student loans, and have been on a qualifying repayment program this entire time as well.
Sean says
Hi , two questions:
1) How long does this process take I will qualify in June 2018 this year? 2) When you are ready for the $ distribution do they pay you or the loan directly?
Thank you
Robert Farrington says
Hi Sean,
1. What process? PSLF? If you’ve made 120 payments, it typically takes another 1-3 months to process and see your loan forgiven.
2. When you are approved for forgiveness, it goes to the loan directly.
Ruthy says
Hi,
For student loan forgiveness – do you know if the 5 consecutive years of teaching at a qualified school have to be at the same school or can it be at different qualifying schools (i.e. three years at one, two at another)?
Thanks!
Robert Farrington says
The application states that you can use multiple schools if you can get their administrators to certify it.
George says
I’m a math teacher at a title one high school and I started my master program on my third year of teaching. To pay for my graduate classes I took out a direct unsubsidized loan. So after teaching for five straight years, will the loan that I took out to pay for my graduate classes be forgiven? I’m planning on applying for the teacher loan forgiveness. All my loans will combine to $16,500.
Robert Farrington says
As long as you meet the criteria, yes. And the 5 year clock starts when you’re done borrowing, not when you started.
Nathaniel McGee says
I am a full time teacher finishing up year 5. I teach agriculture education, which is very science based. For the first two years of my career I taught Horticulture as a general science credit class for my students but for the last three I have taught at a school that doesn’t give science credit for Horticulture. Would I qualify as a science teacher and receive up to $17,500 or the $5,000 level?
Robert Farrington says
Great question – I think you would need to ask your administration if Horticulture falls under science or elective (or maybe you already know). If it falls under science, then you should be good.
Mindy Dopler Nelson says
Would a newly hired university faculty qualify for any loan forgiveness? I am a Realtor helping newly graduated students who are relocating for their job to find a home within a reasonable distance from the university. Their huge student debts are preventing them from buying a home.
Robert Farrington says
They might potentially be able to get public service loan forgiveness depending on their employment status, loan type, and repayment plan.
However, most people with an income-driven repayment plan will struggle to qualify for a mortgage. Check this out: http://growth360tci.wpengine.com/5742/reader-question-applying-mortgage-income-based-repayment/
Elizabeth says
Hi,
I am an elementary school teacher for a public school district in Vancouver, Washington. My school is considered a high-poverty school, and has been a title-one school for some of the years I’ve taught here. This week, on June 15th, 2018, I am completing my 20th year, all at the same school.
About 3 years ago I applied for the Teacher Loan forgiveness, and the PSLF, and was denied both. I had gone over both applications with a fine tooth comb prior to applying for the loan forgiveness . .Our head secretary, and principal who signed that we were indeed, a title school at the time both thought I’d qualify. Is it possible a mistake was made? , and perhaps I did qualify? I am applying “again” for the PSLF because when I called studentaid.gov (a month or so ago), I was practically told I’d qualify. So I figured I’d try again. It’s been a month and I haven’t heard anything yet. I’ve been paying on this consolidated loan since 2005, or 2006? Loan was $41,000 then, and now, it’s June 2018 with a $9,100 balance. Always Auto payments, so I have Never been late. I didn’t even bother with the Teacher loan forgiveness program. Too complicated. Any advice? Thank you!
Robert Farrington says
You can’t have both Teacher Loan Forgiveness and PSLF at the same time. That could have been a problem if you applied for both.
The big derailers I see, especially if you have old student loans, is you don’t have Direct Loans (you have FFEL loans).
Are you sure you meet all the criteria for PSLF:
1. Direct Loans
2. Income-Driven Repayment Plan
3. Qualifying Employment (this you’ve said)
Alie says
Hello, I am newly graduated college student trying to understand my options. I am wondering if any of the loan forgiveness programs require you to be working at the same school for the entire time you are paying off your loans to qualify. Say for instance I want to change schools but they are both title 1 schools, will I still qualify after 5 years or 10 years depending on the program I choose?
Robert Farrington says
First, unless you have only $17,500 in debt (or very close to it), then don’t even consider teacher loan forgiveness. Look at PSLF, as it’s the better deal. For PSLF, you can work a bunch of places, you just need to have 120 months of full time employment in the public sector (along with the other requirements).
kulsum malik says
I consolidated my federal student loans a few years ago and now they say my total payments restarted then? I am a public school teacher with $50,000 in federal student loans.
Robert Farrington says
When you consolidated your loans, you eliminated your old loans and you started a new loan. As such, any past payments don’t count towards PSLF. This is one of the biggest dangers of student loan consolidation.
kulsum malik says
Thank you so much for replying. I have $50,000 in federal student loans. As a teacher I was required to obtain a Masters and had no other way to pay for it.
Can I appeal that I did not know that consolidating my loans would reset PSLF?
I am also dealing with cancer and am near retirement age.
Please advise
T says
If I have not consolidated my loans into “Direct” Loans yet, does that mean that all prior loan payments made do not qualify toward the 120 payments for PSLF?
Currently, I have 3 consecutive years teaching special education at a school that is listed on the Teacher Cancellation website.
Do you think it would make the most sense for me to FIRST apply for the 3-year teacher loan cancellation.
THEN, to consolidate my loans into DIRECT loans and begin repayment towards my 120 PSLF ?
Also, my loans have been on IBR for the past five years.
Thank You!!!
Robert Farrington says
It really depends on what the balance of your loans is, what your payment is, how much forgiveness you can get.
You’re correct – non direct loans don’t count towards PSLF. However, there is a backdoor to get qualified, but it only helps if you’re close to getting forgiveness.
You can do Teacher Loan Forgiveness, then PSLF, but you might not see much forgiveness on PSLF depending on your balance and payment. You’d want to do the math and see which makes more sense.
Amanda says
Hello,
I am starting my 6th year teaching Special Education in a Title One school. I have been on the IDR repayment plan. Will that one qualify for the PSLF plan?
Robert Farrington says
Remember, PSLF has three requirements:
1. Direct Loans (check this – you didn’t mention it)
2. Public service employment (sounds like you qualify)
3. Income-driven repayment (sounds like you qualify)
Then, submit the certification form for all years of teaching that qualify. If you’ve been at the same school, should be easy enough. If you’ve moved around, you need to track down those old HRs.
Amanda says
Hello,
Yes, sorry I do have direct loans. My next questions are about when to apply-do we apply before the 10 years starts or after we have completed all 10 years? Also, do the 120 payments start over each time you have a missed or late payment? I ask because when reapplying for IDR, there was a hiccup in the application process and while I was able to have them help resolve it, I did not make payments during the time (as they wanted $1200 per month).
Thank you!
Robert Farrington says
You want to certify your employment every year. No mandatory, but recommended. Then, once you reach 120 qualifying payment, you apply for forgiveness.
Each payment is counted individually – you can have gaps. The goal is get to 120 qualifying payments.
Ethel Laczko says
Hi! I need help with this. Have worked for a public school for over 20 years and have been paying my son’s student loan for the past 10 years I was surprised to learn that I do not qualify for the Teacher Loan Forgiveness Program, in fact, my bill says PSFL 0 years when I have paid for almost 10 years already-Could you shine some light in this case? Thanks !
Robert Farrington says
There are three criteria for PSLF, and you likely don’t meet one or more:
1. Direct Loans (given the age of your loans, it’s likely you have FFEL loans, not Direct Loans)
2. Qualifying Repayment Plan (what plan are you on – only income-driven repayment plans qualify)
3. Qualifying employment
Krista says
My daughter is in her last year of getting her elementary education degree. We were going to set up payments to go ahead and start paying on her loan. Will this dismiss her in anyway from applying for the loan forgiveness later on?
Robert Farrington says
Why are you setting up a payment plan for your daughter (or are you paying the loan)? Or is it a Parent PLUS Loan in your name?
If you want her to qualify for loan forgiveness, you need an income-driven repayment plan for her.
Matt says
I am a highly qualified math teacher beginning my third year teaching in a title 1 public school. Prior to accepting this position, I worked as an adjunct math professor at a NYS accredited community college for 8 years earning 6 years of service credit in the NYS teacher’s retirement system. Could any of this time as an adjunct count toward my 5 years for teacher loan forgiveness or must I wait until I reach 5 years in my current job? Thank you for any advice you can give me.
Robert Farrington says
Was your employment at any point considered full time (30 hours per week)? If so, a better route might actually be PSLF – you’d have 3 years at your current school plus time as a professor?
If not, no, that past non-full time employment doesn’t count.
Bridget says
For the Teacher Loan Forgiveness Program, do you have to work at the same Title 1 school for 5 years in order to qualify? Or can you work at one school for 2 years that qualifies and then get a new job at a different title one school?
Thanks for your help.
Robert Farrington says
You can switch, just make sure you certify both (especially the one before you leave).
MK Koecheler says
Hi
I hope you are still answering on this feed! I am having trouble figuring out if I will qualify for PSLF while working at a Catholic School. I have a year at a public school under my belt, but recently switched to a Catholic elementary school. Do you happen to know if Catholic school teachers can still qualify for PSLF?
Thank you
Robert Farrington says
If you perform full time teaching duties, you should be fine. However, if you’re part time teaching and do part time work in other areas of the church, then no.
Jake says
Hey Robert, I appreciate you answering questions, it has been helpful reading them. I have a question regarding new loans and PSLF. I have undergraduate loans that currently have around 40 qualifying payments on them and total close to 50K from 2005-2010. I recently finished grad school for administration but am still teaching. I took on around 20K in new debt from 2016-2018 at an average of 5.75% with these loans. Would you recommend consolidating and entering repayment on these new loans or entering them into the PSLF? It seems entering them into the PSLF could be a mistake if I secure a higher paying administration job within the next couple of years and my payment skyrockets because of this. Right now I am paying $57/month with a wife and two kids for my undergrad loans from 2005-2010.
Robert Farrington says
Hi Jake,
PSLF has nothing to do with your repayment plan. You definitely need to enter repayment on the loans – and it never hurts to select an income-driven plan that qualifies you for PSLF. Even if your income rises a bunch, your income driven payment will never rise above your standard plan payment amount. So, either way, you win. If you qualify for PSLF, then always certify your loans.
Also, consolidation for the new loans doesn’t matter (it’s a personal preference if you want a single loan or multiple), but whatever you do, DO NOT CONSOLIDATE your older loans into these new ones. If you do, you now have a new loan, and you lose all the 40 previously qualifying payments.
Jake says
Wow, that helps a TON! I do not know why I was making it so confusing for myself, but you cleared it up nicely for me. I appreciate you taking the time to read my question and respond, it helps tremendously. Thanks again!
Yousef says
Do any of these apply to high school English teachers? I see math, science, foreign language, and special ed, but I don’t see English or any social studies anywhere…
Robert Farrington says
Option 1 – Public Service Loan Forgiveness, applies to all teachers who teach in public school and non-profit schools.
Brandon says
Had 5k forgiven in 2008 for teaching 5 years in a low income school. That paid off my bachelors student loans. Went back for my Masters and completed it in 2013. Loan period was 2011-2013. Anyway to get anymore forgiven? Thanks
Robert Farrington says
If you’re still teaching, PSLF is a great program. You potentially qualify as a teacher, you just need to meet the rest of the criteria (loan type and payment plans).
Josephine says
Hi Robert,
Thanks for all your answers! I teach full-time at an eligible HS for the 5-yr forgiveness program. I teach business courses, 2 of which are math courses. So, I’m a full-time teacher that teaches math, but not a full-time math teacher. Would I be eligible for $5000 or $17500 of forgiveness? Thanks!
Robert Farrington says
Are you classified as a math teacher? If so, the higher amount. If not, the no. It’s a discussion you need to have with your principal. Might be able to make something happen.
Lissette says
I just started my 6th year teaching science at a title I secondary school. I currently do not have any student loans, but I am interested in getting my masters degree. Do my past 5 years of teaching count towards future loans? Or would I need 5 years teaching from when I took out loans for my masters? I haven’t been able to find any information online that is about this kind of situation. Thanks in advance.
Robert Farrington says
No, only employment and payments after the disbursed date will count.
Lissette says
Oh ok. Thank you for your reply. To clarify, the 5 years of teaching would start once I took out the loan and began receiving money from lender? Or once I started making payments on said loans ?
Robert Farrington says
Once you start making payments.