Teacher Education Loan Forgiveness Program

Since you are an Education major, you may be eligible for two forgivable loan programs. The Iowa College Student Aid Commission has the Iowa Teacher Shortage Forgivable Loan Program. Iowa Student Loan has the Teacher Education Loan Forgiveness Program. There is just one application to apply for both. If you do not receive the Iowa College Student Aid Commissions forgivable loan, you are still eligible for Iowa Student Loans forgivable loan.

To be eligible, you must:

be an Iowa resident
be at the sophomore, junior or senior level by next fall
be in an education program leading to a degree and certification for teaching in a shortage area
stay in Iowa to teach in a subject shortage area as designated by the Iowa Department of Education
Be an eligible first-time applicant for the state of Iowa Teacher Shortage Forgivable Loan Program

The Iowa Teacher Shortage Forgivable Loan Program through the Iowa College Student Aid Commission may forgive loans up to $3,000 per academic year ($1,500 per semester) and up to $9,000 total. If you are funded in this program, 20% of your loan will be forgiven for every year that you teach in Iowa in the designated shortage area you applied under. After five years, the entire 100% of the loan is forgiven.

The Iowa Student Loan Teacher Education Loan Forgiveness Program will forgive up to $9,000 on one of your student loans over a five-year period.

Shortage Areas for Grades 7-12:
Agriculture
Family & Consumer Sciences
Foreign Languages
Industrial Technology
Mathematics
Science

Shortage Areas for Grades K-12:
English as second language
Music
Special Education
Talented and Gifted

The application deadline is May 1, 2007. Click on the link below to complete the renewal application. Be sure and check the box to release the information to Iowa Student Loan.

http://www.iowacollegeaid.gov/loans/teacher_shortage_NEW04.html

Sandy Condon
Loan Coordinator
Office of Financial Assistance
Simpson College
701 North C Street
Indianola, IA 50125
515-961-1612
1-800-362-2454 x1612
Fax 515-961-1300
e-mail: sandy.condon@simpson.edu


	Programs Licensure Student Teaching Handbook Faculty
Teacher Education Loan Forgiveness Program Since you are an Education major, you may be eligible for two forgivable loan programs. The Iowa College Student Aid Commission has the Iowa Teacher Shortage Forgivable Loan Program. Iowa Student Loan has the Teacher Education Loan Forgiveness Program. There is just one application to apply for both. If you do not receive the Iowa College Student Aid Commissions forgivable loan, you are still eligible for Iowa Student Loans forgivable loan. To be eligible, you must: be an Iowa resident be at the sophomore, junior or senior level by next fall be in an education program leading to a degree and certification for teaching in a shortage area stay in Iowa to teach in a subject shortage area as designated by the Iowa Department of Education Be an eligible first-time applicant for the state of Iowa Teacher Shortage Forgivable Loan Program The Iowa Teacher Shortage Forgivable Loan Program through the Iowa College Student Aid Commission may forgive loans up to $3,000 per academic year ($1,500 per semester) and up to $9,000 total. If you are funded in this program, 20% of your loan will be forgiven for every year that you teach in Iowa in the designated shortage area you applied under. After five years, the entire 100% of the loan is forgiven. The Iowa Student Loan Teacher Education Loan Forgiveness Program will forgive up to $9,000 on one of your student loans over a five-year period. Shortage Areas for Grades 7-12: Agriculture Family & Consumer Sciences Foreign Languages Industrial Technology Mathematics Science Shortage Areas for Grades K-12: English as second language Music Special Education Talented and Gifted The application deadline is May 1, 2007. Click on the link below to complete the renewal application. Be sure and check the box to release the information to Iowa Student Loan. http://www.iowacollegeaid.gov/loans/teacher_shortage_NEW04.html Sandy Condon Loan Coordinator Office of Financial Assistance Simpson College 701 North C Street Indianola, IA 50125 515-961-1612 1-800-362-2454 x1612 Fax 515-961-1300 e-mail: sandy.condon@simpson.edu
About Simpson \| Admissions \| Evening, Weekend & Graduate Programs \| Academics \| Alumni Athletics \| Arts & Forum \| Campus & Community \| Student Life \| Support Simpson Simpson.edu \| Site Map \| Contact Us © Copyright 2008 Simpson College Last Updated: 9/17/07	SEARCH: