I have the utmost respect for teachers. My good friend Trisha is an elementary school teacher in the New Hampshire school system. She tells me it can be a thankless job at times; shaping our nations future leaders and doing so for minimal compensation. True, most teachers went into the profession knowing they probably weren’t going to be pulling in six figure salaries but that doesn’t mean they need to struggle so mightily to stay a float with student loan debt looming heavy over their head.
The good news is that both federal Perkins and Stafford loans offer loan forgiveness opportunities for teachers.
Perkins loans can be forgiven for full-time teachers who teach in one of the specified shortage areas or teachers in a designated elementary or secondary school serving students from low-income families.
Stafford loans can be forgiven for full-time teachers in a designated elementary or secondary school for five consecutive years serving students from low-income families.
Five most recent Stafford loan help blog posts:
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