Student Loans Forgiveness U.S. Department of Education Department of education loan forgiveness

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The Department Of Education Approved A Shockingly Low .

Kevin Maier is one of just 96 people to qualify for public service loan forgiveness

Earlier this month, CNBC tracked down one of the first people to qualify for student debt cancellation under the public service loan forgiveness program, which allows certain not-for-profit and government employees to have their federal student loans scrubbed after 10 years of on-time payments.

"I feel pretty lucky," Kevin Maier, a tenured professor at the University of Alaska Southeast, had said.

The Education Department just released data on how many loans it has forgiven under the program. The results are grim.

Just 96 people across the country have been released from their debt, thanks to public service loan forgiveness. Last year was the first year of eligiblity, since the program was signed into law in 2007 and it requires at least 10 years of payments to qualify. Nearly 30,000 borrowers have applied for the forgiveness, according to the Education Department's data.

That means less than 1 percent of people who've applied for public service loan forgiveness actually got it.

One-quarter of American workers were supposed to be eligible, the Consumer Financial Protection Bureau estimated a few years back. But last year the bureau reported that student loan servicers are delaying or denying borrowers access to the program.

Turns out most people in public service jobs believe that they're paying their way to loan forgiveness only to discover at some point in the process that they don't qualify for one technical reason or another.

Debbie Baker, a music teacher in Oklahoma's public schools, paid her student loans off for 10 years, all the while believing she was on her way to debt forgiveness.

"Year after year I would tell them, 'Now I'm going after public service loan forgiveness,' and they'd say, 'Okay. Well you can't apply until 2017,'" Baker said, about her conversations with Navient, one of the country's largest student loan servicers.

In July, after she had made 10 years of payments, she tried to certify her forgiveness, but was told that she didn't qualify because she had the wrong type of federal student loan.

"I almost threw up," Baker said. "I've been teaching 18 years and I still don't make $40,000 — and now I have to start all over."

Even consumer advocates with low expectations of the program were surprised by the newly released data.

"I don't believe there were only 96 people who owe money on their federal loans and were working in public service over the last 10 years," said Persis Yu, director of the Student Loan Borrower Assistance Project at the National Consumer Law Center, a nonprofit advocacy group.

"To have a student loan system where to receive the benefits of it you have to be perfect is not a reasonable expectation to set up for 43 million borrowers," she said.

If you've made the 120 qualifying payments for public service loan forgiveness, we want to hear from you. Please email: [email protected] scott tucker payday loanscom

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You may qualify for a grant while you are in school, or you may qualify for loan forgiveness while teaching depending upon the type of student loan you have. Because each federal student loan has very specific requirements and specifications, it is helpful to know the type of loan you received before visiting websites or talking to customer service representatives. If you are unsure about the type of loan you have, contact either the financial aid office of the university/college you attended or the loan guarantor that holds your loan to assist you. The USDE offers grants to students and loan forgiveness to those who teach full-time in a low-income school or in a content shortage area.

Teacher Loan Forgiveness for Perkins Loans
If you have a loan from the Federal Perkins Loan Program, you might be eligible for loan forgiveness for full-time teaching at a low-income school or in a content shortage area, in grades Kindergarten through 12. Check with the school that made your Perkins Loan or visit the USDE Student Aid Information Center web site for more information.

Teacher Loan Forgiveness for Stafford Loans
If you received a Stafford loan on or after October 1, 1998, and did not have an existing student loan, you might be eligible to have a portion of your loan cancelled. Teacher loan forgiveness for Stafford loans is available to qualifying borrowers who teach in designated low-income schools in grades Kindergarten through 12. Teaching in a content shortage area is not considered for forgiveness of a Stafford loan. The National Student Loan Program (NSLP) and the USDE Student Aid Information Center are available to assist with questions about loan forgiveness for Stafford loans.

Search for Low-Income Schools
To be considered a “low-income school,” the school must be in a school district that qualified for federal funds in the year for which the cancellation is sought. Also, more than 30 percent of the school’s enrollment must be made up of children from low-income families.

A listing of designated low-income schools is available from the Teacher Cancellation Low Income Directory on the USDE web site. If you have questions regarding the list of schools, please contact the Title I Office of the Nebraska Department of Education at  402-471-2481.

Search for Teacher Shortage Areas
If you teach full time in science, mathematics, foreign language, or bilingual education, you qualify for loan forgiveness even if the subject area has not been designated as a shortage area. A listing of designated teacher shortage areas from 1990-2014 is available from the Teacher Shortage Areas Nationwide Listing on the USDE web site.

Teach Grant
For qualifying students who intend to teach in a school that serves low-income families. Visit the Teach Grant Web Site.

Early Childhood Educator Loan Forgiveness
The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer sallie mae student loans sign in

Lawsuit accuses Education Department of reversing course .

Certification of a school will result in the school being placed on the annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits, a federal list of schools which will then allow certain teachers currently repaying a Perkins Loan or a Stafford/FFEL Loan to contact their loan providers and possibly have a portion of their loan forgiven through the Federal Loan Forgiveness Program for Teachers.

The criteria for determining school eligibility for certification are:

Once you have determined school eligibility and believe the school meets all the above criteria, complete the Nonprofit Private School Eligibility Application form to request certification. A separate form is needed for each school. You can submit qualifying information for past years by changing the school year on the form and providing appropriate data for that year following the same process as for the current application school year. New forms must be completed each school year.

Nonprofit Private School Eligibility Application (PDF)

A letter will be sent to the requestor verifying school certification or denial once the Department of Education determines the outcome of the application.

Submit All Required Documentation To: Office of Independent Education and Parental Choice OR FAX 850-245-0875 Turlington Building - Florida Department of Education 325 W. Gaines Street, Room 1044

Questions regarding this form may be directed to Amelia Johnson Smith, Policy Analyst, at 850-245-9492 or [email protected]

Note: The Florida Department of Education does NOT make determinations as to teacher loan forgiveness. All questions about loan reductions need to be made by the teachers to the teacher's loan company and not to the FLDOE. Information concerning the cancellation or reduction of loans can be found at the following Federal site:
studentaid.ed.gov

* Low income determination can be verified through a current NSLP Claim Summary, Florida Tax Credit (FTC) verification of scholarship student membership, Confidential Family Income Surveys or a combination of two or more methods atv loan calculator

U.S. Department of Education USAGov

Select the link below for more information on the specific program.

Nebraska – Forgivable Loans

EXCELLENCE IN TEACHING ACT FORGIVABLE LOANS (Rule 25) – For Nebraska residents currently enrolled in an undergraduate or graduate teacher education program at an eligible Nebraska institution:

For eligible students working towards their initial certificate to teach in Nebraska.    Attracting Excellence to Teaching Program (AETP)

For current teachers in Nebraska schools working toward their graduate degree.    Enhancing Excellence in Teaching Program (EETP)

US Department of Education – Loan Forgiveness

You may qualify for a grant while you are in school, or you may qualify for loan forgiveness while teaching depending upon the type of student loan you have. Because each federal student loan has very specific requirements and specifications, it is helpful to know the type of loan you received before visiting websites or talking to customer service representatives. If you are unsure about the type of loan you have, contact either the financial aid office of the university/college you attended or the loan guarantor that holds your loan to assist you. The USDE offers grants to students and loan forgiveness to those who teach full-time in a low-income school or in a content shortage area.

Teacher Loan Forgiveness for Perkins Loans
If you have a loan from the Federal Perkins Loan Program, you might be eligible for loan forgiveness for full-time teaching at a low-income school or in a content shortage area, in grades Kindergarten through 12. Check with the school that made your Perkins Loan or visit the USDE Student Aid Information Center web site for more information.

Teacher Loan Forgiveness for Stafford Loans
If you received a Stafford loan on or after October 1, 1998, and did not have an existing student loan, you might be eligible to have a portion of your loan cancelled. Teacher loan forgiveness for Stafford loans is available to qualifying borrowers who teach in designated low-income schools in grades Kindergarten through 12. Teaching in a content shortage area is not considered for forgiveness of a Stafford loan. The National Student Loan Program (NSLP) and the USDE Student Aid Information Center are available to assist with questions about loan forgiveness for Stafford loans.

Search for Low-Income Schools
To be considered a “low-income school,” the school must be in a school district that qualified for federal funds in the year for which the cancellation is sought. Also, more than 30 percent of the school’s enrollment must be made up of children from low-income families.

A listing of designated low-income schools is available from the Teacher Cancellation Low Income Directory on the USDE web site. If you have questions regarding the list of schools, please contact the Title I Office of the Nebraska Department of Education at  402-471-2481.

Search for Teacher Shortage Areas
If you teach full time in science, mathematics, foreign language, or bilingual education, you qualify for loan forgiveness even if the subject area has not been designated as a shortage area. A listing of designated teacher shortage areas from 1990-2014 is available from the Teacher Shortage Areas Nationwide Listing on the USDE web site.

Teach Grant
For qualifying students who intend to teach in a school that serves low-income families. Visit the Teach Grant Web Site.

Early Childhood Educator Loan Forgiveness
The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer pnc used car loan

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