January 8, 2022

Can Teachers Get Student Loan Forgiveness?


If you’re looking into student loan forgiveness for teachers, you should know there are four main options. The ones you’re eligible for will depend on the types of student loans you have and where you are working as a teacher.

In general, student loan forgiveness for teachers is possible if you have federal student loans and you taught in an approved educational institution. Here is a closer look into your options.

1. Teacher Loan Forgiveness Program

You can get between $5,000 and $17,500 of student loan forgiveness with the Teacher Loan Forgiveness Program. You may be eligible for this program if you have the following kinds of student loans:

  • Direct Subsidized Loans
  • Direct Unsubsidized Loans
  • Subsidized Federal Stafford Loans
  • Unsubsidized Federal Stafford Loans

In addition, you must meet these eligibility requirements to apply for the Teacher Loan Forgiveness Program:

  1. Have been teaching full-time for five complete and consecutive academic years
  2. Taught lessons in a low-income school or educational service agency

Note: Any time that you spent teaching for AmeriCorps benefits does not count toward these requirements.

2. Public Service Loan Forgiveness Program

You may apply for the PSLF Program even if you have not taught in a low-income area as a public-school teacher. This student loan forgiveness program has broad employment qualification requirements that include most workers in the public sector.

However, this program only forgives Direct Loans. Consider getting a Direct Consolidation Loan to combine your FFEL and Perkins Loans into a new single policy. This way, your student loans can qualify you for the PSLF Program.

Qualifying for this program requires that you make at least 120 valid payments on your Direct Loans through an income-driven repayment plan. Although they don’t have to be consecutive payments, you must have made them after October 2007, and they also must not be paid more than 15 days after the due date.

3. Federal Perkins Loan Cancellation for Teachers

Perkins Loan Cancellation allows you to cancel up to 100% of your federal Perkins student loans. To qualify, you must be a full-time teacher at a low-income school. See the U.S. Department of Education’s online database to confirm whether your school classifies as low-income.

Another qualification requirement for this option is the subject you teach. You can confirm with your state’s education agency whether it determined that your specialty is a qualifying subject. It usually bases qualifying subjects on the shortage of qualified teachers who teach that subject.

You can only get this student loan forgiveness option if you have existing Perkins loans because there were no new Perkins loans created after September 30th, 2017. This program will cancel your student loans incrementally over five years.

4. State-Sponsored Student Loan Forgiveness Programs

The American Federation of Teachers has a searchable database where you can confirm whether your state offers local student loan forgiveness programs. States usually offer such programs to full-time teachers working in high-need areas.

Conclusion: Can Teachers Get Student Loan Forgiveness?

In conclusion, yes, you can apply for four different student loan forgiveness programs as a teacher. Eligibility requirements usually depend on the kinds of loans you have and where you taught. Be sure to confirm whether your student loans are federal and that you have been teaching in an approved institution.

Use Chipper for Lower Payments

Chipper can help you find a student loan repayment plan that actually fits into your budget. You simply fill out your information and link your student loan account for us to generate your options in seconds. We help the average student loan borrower save over $300 a month off their student loan monthly payment. Lowering your monthly payment plan can game changing for your personal finance and can be done in minutes! Sign up for Chipper today to get on track with your student loans.

Use Chipper for The Best Path to Forgiveness

Finding your path to student loan forgiveness is easier than ever before. Chipper helps members find better Income-Driven Repayment (IDR) plans every day. Once enrolled in an eligible repayment plan, we can help you explore your forgiveness options and understand your path towards forgiveness. Sign up with Chipper today and get on track with your student loans.

Use Chipper for Round-Ups

Paying off your student loans doesn’t have to be a long and painful journey. Round-Ups are a way to directly pay off your loans with your everyday spending! By tracking your linked spending account(s), we will calculate the rounded up amount from each transaction in a week (IE spending $4.28 would add $0.72 to the weekly amount). We then initiate a payment towards your student loan for the weekly amount. Get chipping away on your student loans with Chipper today.

Use Chipper for Public Service Loan Forgiveness (PSLF)

The Public Service Loan Forgiveness (PSLF) program was created to provide relief to borrowers aiding the public sector. Unfortunately, 30% of applicants are denied due to incorrect paperwork. We can help! Chipper was created to solve this issue by assisting borrowers in understanding their options as well as allowing forgiveness eligible users enroll into the best forgiveness program available. Sign up for Chipper today to see your student loan forgiveness options and get the forgiveness you deserve.

Use Chipper for Teacher Loan Forgiveness (TLF)

The Teacher Loan Forgiveness (TLF) program was created to enable teachers working in Title 1 schools to receive student loan forgiveness of up to $17,500 (depending on their teaching subject). Chipper has helped teachers from all over the country qualify for TLF program and can help you get the forgiveness you deserve today. Find out if you qualify for forgiveness in minutes with our employer search tool.

Don't worry.
Be Chipper.
Get Started