Loan-Forgiveness Programs on the Chopping Block

sk8rmom
Thu, 04 Jun 2009 05:57:04 +0000

Although state forgiveness/grant programs may be slipping, the federal TEACH grant seems to provide a bit more help than any previous incentives, although it does target both high need subjects and low income districts. It offers a $4K/year grant (not loan, which only converts to an unsub Stafford if the teaching requirement isn’t met) which, unlike many of the need based grants, can be applied to EFC. The service requirement is only 4 years per program (not per grant year) that the student received funds for:
http://studentaid.ed.gov/students/attachments/siteresources/4807Teach_FactSheet_v3.pdf
https://teach-ats.ed.gov/ats/images/gen/factsheet.pdf

It seems like a good program for any student who’s even considering teaching to apply for. Any thoughts on this?