Press Room NEWSLETTERS
January 25 2005 Extra Credit
Archived Information


  Subscribe, Unsubscribe  Share this page Share this page
January 25, 2005

Past Extra Credits
January 24
All issues
New Changes to the Teacher Loan Program…

Attention Teachers:

Do you teach math, science or special education? Have you taught for five years in a Title I school? If you answered yes to both of these questions, the U.S. Department of Education would like you to know that you may be eligible for new loan forgiveness limits recently signed into law by President George W. Bush.

The Taxpayer-Teacher Protection Act (P.L. 108-409) authorizes up to $17,500 in loan forgiveness to eligible highly qualified math, science and special education teachers. This dramatic increase of $12,500 above the previous loan limits is meant to ease the shortage of teachers in key subject areas. The increased amount of teacher loan forgiveness is available to new borrowers (teachers with no outstanding loan balances prior to Oct. 1, 1998, who borrow eligible loans prior to Oct. 1, 2005). The additional loan forgiveness will provide substantial relief for existing teachers and an incentive for prospective teachers to teach in subjects and schools that have difficulty hiring highly qualified candidates.

For detailed information on the program and to find out if you qualify for the loan forgiveness, please call the Department's Federal Student Aid Customer Service hotline at 1-800-433-7327. More information on the loan forgiveness limits is posted on the Web at: http://www.ifap.ed.gov/dpcletters/GEN0414.html.

More information on the Department's Teacher-to-Teacher Initiative is posted on the Web.

To subscribe to these Teacher-to-Teacher updates, send an email to Teacher3-join@listserve2.westat.com

Questions or comments, email
Teacher3-owner@listserve2.westat.com

Top


About Extra Credit
NCLB Extra Credit is a regular look at the No Child Left Behind Act, President Bush's landmark education reform initiative passed with bipartisan support in Congress.

Subscribe to get the Extra Credit emailed to you.
Unsubscribe to stop receiving Extra Credit.
Top



 
Print this page Printable view Bookmark  and Share
Last Modified: 08/13/2013