The TEACH Grant is a Federal program to help students cover the cost of their education while agreeing to teach for a number of years after they complete their degree. To learn more about the TEACH Grant program visit their website at: http://studentaid.ed.gov/PORTALSWebApp/students/english/TEACH.jsp
Federal Student Loan Forgiveness
Special Education Teachers can now be forgiven $17,500 in federal student loans. The nations special education students are in dire need of qualified teachers. In 2005 federal government created an incentive to retain special education teachers in low-income schools by increasing the amount of loan forgiveness available for special education teachers who teach for five consecutive years in designated schools. You are eligible if:
- - You received federal Stafford or Perkins loans.
- - You taught special education in a low-income school for five consecutive years.
- - You borrowed money after 1998.
For more information about loan forgiveness you can go to: www.finaid.org/loans/forgiveness.phtml or http://studentaid.ed.gov/PORTALSWebApp/students/english/teachercancel.jsp