Are there any little known grants that will pay off student loans for teachers IF TAKEN OUT IN 93-94?
I had the misfortune of taking out a loan in California right before the governor made it possible for all teachers of title I districts to get THEIR loans forgiven, yet because I DO serve a title I community & district, and am grossly underpaid for 70 hours a week of service, I STILL owe on one loan. Any answers?
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This is the American Federation of Teachers website, which has the most comprehensive list of forgiveness programs for teachers I have come across.
Students who become full-time teachers in an elementary or secondary school that serves students from low-income families can have a portion of their Perkins Loan forgiven under The National Defense Education Act. This program forgives 15% of your loan for the first and second years of teaching service, 20% for the third and fourth, and 30% for the fifth. Contact your school district’s administration to see which schools are eligible
Hope this helps
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4 years ago
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5 years ago
There are a lot of grants out there for aspiring teachers. Try googling some of them. You would certainly qualify as a single mother. If you really want to teach, then go for it. You have up to 10 years to pay off those loans and the payments typically don’t get any higher than 250 a month. There is a low-income option for repayment on most subsidized student loans anyway. Also, as a teacher you get first dibs and 10% off of HUD homes so if you buy a foreclosed home once you finish school you could make money flipping houses on the side at substantial discounted rates simply because you chose such an honorable profession.
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