TEACHER LOAN FORGIVENESS PROGRAM
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Teaching is a profession that requires a great deal of talent and responsibility, but it also provides educators with many personal rewards. These rewards are what attract many people into the teaching profession. Congress provided another incentive to teach when it established the Teacher Loan Forgiveness Program (TLFP). The TLFP was created to encourage individuals to enter and continue in the teaching profession in certain elementary and secondary schools that serve low-income families.
There are two types of loan forgiveness programs for teachers in North Carolina:
- Teacher Loan Forgiveness for Direct Subsidized Loans, Direct Unsubsidized Loans, Subsidized Federal Stafford Loans, and Unsubsidized Federal Stafford Loans
- Teacher Cancellation for Federal Perkins Loans
To determine if you are eligible for the TLFP, please review the information provided below. Additional information is available through the Office of Federal Student Aid at the U. S. Department of Education at: http://studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts/teacher.
Title I Updates - Teacher Loan Forgiveness
Fact Sheet - Federal Loan Repayment