Federal Teacher Loan Forgiveness Program ($5,000)

Federal Teacher Loan Forgiveness Program ($17,500)

TN Teaching Scholars Loan Forgiveness Program

Administered By

US Department of Education

US Department of Education

Tennessee Student Assistance Corporation (TSAC)

Administrative Source

Federal

Federal

State

Qualifications

• New federal loan borrower on or after October 1, 1998
• Teach full-time at a qualified low-income elementary or secondary school for 5 consecutive complete years
• One year of teaching must be after 1997-98 year
• Meet definition of “highly qualified” teacher

• All prior qualifications in 1^st column
• Employed full-time as a math or science teacher in an eligible secondary school or a special education teacher whose primary responsibility is to provide special education to children with disabilities in an eligible elementary or secondary school

• Tennessee resident, junior or senior, 2.75 cumulative college GPA, and full-time student
• Obligation to teach one year at a Pre-K through 12^th grade Tennessee public school for each year an award is received
• Awards are competitive so early application is strongly recommended

Application Dates

After completion of 5 years of teaching

After completion of 5 years of teaching

Deadline of April 15 preceding the application academic year

Application Process

Teacher Loan Forgiveness Application

Teacher Loan Forgiveness Application

Application for program, letter of recommendation, college transcripts, standardized test scores

Maximum Amount Forgiven

$5,000

$17,500

Up to $4,500 per academic year with a maximum of 4 years of eligibility

Maximum Time for Forgiveness

5 years

5 years

One full year of teaching for each year an award is received

Forgiveness Process

After 5 years of teaching is complete, $5,000 will be forgiven

After 5 years of teaching is complete, $17,500 will be forgiven

Contact TSAC once employment is attained