Paying for a Teaching Degree
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Most students will need financial aid to pay for their college degree. The programs listed here help teachers pay back school loans. Make time with your school counselor or college adviser to make sure you are aware of all the financial help available to you. The following options will help those students who decide to borrow money from federal loan programs to assist with college expenses. Follow the links to find the most recent information and requirements for these programs.
Program
Agency
Overview
Cap on Forgiveness
Link
Teacher Loan Forgiveness Program
Federal Government
Five academic years, low-income school
$17,500
https://studentaid.gov/manage-loans/forgiveness-cancellation/teacher
Public Service Loan Forgiveness
Federal Government
After 120 qualifying monthly payments
Unknown
https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service
Teach for Texas Loan Repayment Assistance Program
Texas Higher Education Coordinating Board
At least one year of full-time teaching in a designated critical shortage field
Up to $2,500 per year
http://www.hhloans.com/index.cfm?objectid=A85B6795-9731-B000-C93CA1848B604DB8