Paying for a Teaching Degree

  • 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