Locate Your Paperwork. The National Student Loan Data System for Students:

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1 As explained during the training tnight, belw are the steps t g thrugh the entire prcess. They are utlined in the PwerPint (which is attached as Student Lan Frgiveness fr Teachers ), but here are the actual links. As a reminder, the lan frgiveness prgrams discussed in the presentatin, PwerPint, and this are an verview f the eligibility requirements. Please cntact yur lan prvider with questins yu have regarding yur eligibility as lan frgiveness prgrams are highly persnalized and cmplicated. Lcate Yur Paperwrk. The Natinal Student Lan Data System fr Students: STAFFORD LOANS: Hw d I find ut if my schl is designated as a lw-incme schl? Call FED-AID Repaying Cancellatin and Deferment Optins Fr Teachers Cancellatin fr Staffrd Lans jsp State Year Schl Name Lcatin (r Schl District) Search DO THIS FOR FIVE CONSECUTIVE YEARS TO SEE IF YOUR SCHOOL QUALIFIES Submit Teacher Lan Frgiveness Applicatin (Attached t this ) after having cmpleted teaching five years in a high impact schl: Applicatin.pdf I suggest btaining sme kind f dcumentatin at the end f each year (a letter n schl statinary stating, Anna taught at schl ABC during the schl year ) in the event that the principal gets transferred r smething else happens.

2 PERKINS LOANS: Teaching in a Lw-Incme Schl: May be granted nly if yu taught in an eligible schl as determined by the state educatin agency jsp State Year Schl Name Lcatin (r Schl District) Search DO THIS FOR FIVE CONSECUTIVE YEARS TO SEE IF YOUR SCHOOL QUALIFIES IF YOU HAVE QUESTIONS ABOUT THE INCLUSION OR OMISSION OF A PARTICULAR SCHOOL, THEY SHOULD BE DIRECTED TO THE STATE EDUCATION AGENCY CONTACT, NOT THE U.S. DEPARTMENT OF EDUCATION. Must teach in a designated subject shrtage area as determined by yur state Department f Educatin. Teacher Shrtage Areas Natinwide Listing: PUBLIC SERVICE LOAN FORGIVENESS (PSLF) PROGRAM: The PSLF Prgram is intended t encurage individuals t enter and cntinue t wrk full-time in public service jbs. Under this prgram, yu may qualify fr frgiveness f the remaining balance due n yur William D. Frd Federal Direct Lan Prgram lans after yu have made 120 qualifying payments n thse lans while emplyed full-time by certain public service emplyers. Resurces t help yu get started: _Yur_Student_Lans/pslf.pdf (This is a great resurce that explain the prgram, prcess, and has the Applicatin)

3 REGARDING CONSOLIDATION OF STUDENT LOANS Again, the lan frgiveness prgrams discussed in the presentatin, PwerPint, and this are an verview f the eligibility requirements. Please cntact yur lan prvider with questins yu have regarding yur eligibility as lan frgiveness prgrams are highly persnalized and cmplicated. Discuss with yur lender the advantages and disadvantages f cnslidating yur student lans. Depending n the type f lans yu have, by cnslidating, yu may be ineligible fr the student lan frgiveness prgrams. As yu g thrugh the abve prcess, I d appreciate any feedback abut yur experiences. I m particularly interested in hw the prgram wrked, ease f use, and hints yu wish yu had knwn that I can share with thers. OTHER HELPFUL LINKS NEA Member Benefits Visit t learn abut and take advantage f yur benefits Register with a PERSONAL address Visit fr a PDF f the PwerPint, lan frgiveness applicatin, and ther pertinent dcuments Visit t receive TWO FREE magazine subscriptins Yu must be registered and lg-in t the NEA Member Benefits site. When yu lg-in yu shuld see the CTA lg and Hi, YOUR NAME in the upper right hand crner. Visit fr nline prfessinal develpment, advanced degrees, and ther helpful infrmatin. Use the same lgin infrmatin as the NEA Member Benefits web-site CTA Member Benefits Visit fr infrmatin abut yur CTA Member Benefits

4 Visit fr additinal links and infrmatin Call the CTA Member Benefits Department at fr additinal infrmatin Dwnlad the CTA Member Benefits App at the App Stre r Ggle Play NEA Visit the Degrees Nt Debt site at Sign the pledge View the vide n Public Service Lan Frgiveness (PSLF) and Incme Driven Repayment Many thanks, Sean Sean L. Mabey Affiliate Relatins Specialist Califrnia, Clrad, Nevada smabey@neamb.cm

5 Suze Orman says, Generatin Debt: Erasing Student Lans and Debt Remember, this debt was fr a truly necessary and wrthwhile cause: yur educatin. A cllege educatin gives yu nearly duble the earning ptential f a high schl degree High schl degree is estimated t translate int $1.2 millin in lifetime earnings A bachelr s degree is estimated t translate int $2.1 millin in lifetime earnings Cllect a master s degree and it is estimated t translate int $2.5 millin in lifetime earnings IT WAS WORTH IT in the LONG RUN The Mney Bk fr the Yung, Fabulus, and Brke by Suze Orman Cntact Sean L. Mabey smabey@neamb.cm What lans are we talking abut? As with all things financial, student lans are highly persnal. Thus, yu will want t cntact yur lender t ensure that yu are meeting the terms f yur lan. Fr the purpse f this presentatin: Federal r Staffrd Lans Federal Perkins Lans Public Service Lan Frgiveness The gd news: Depending n yur lan type, current teaching assignment, and length f time teaching, YOU may be eligible fr a cancellatin and/r deferment fr teaching in the public schl system. Disclaimer The lan frgiveness prgrams discussed in this PwerPint presentatin are an verview f the eligibility requirements. Cntact yur lan prvider with any questins yu have regarding yur eligibility as lan frgiveness prgrams are cmplicated. Definitins: Student Lan Glssary: Subsidized lans: the federal gvernment cvered the interest payments fr yu while yu were in schl. Grace perid: six mnths after graduating befre having t pay back student lans Deferment: yu get t delay payment until a later date (still have t pay it). Yur lan will nt accrue any interest. Frbearance: try fr this if yu are denied a deferment. It is up t the lender t grant the request, hwever, interest n the lan will cntinue t accrue. Fr bth the deferment and frbearance, yu will need t cntact the lender t find ut if yu qualify. 1

6 Yu have graduated frm University nw what? Meet with the financial aid ffice f yur university. Infrm them that yu are ging int public educatin and are interested in learning mre abut student lan frgiveness fr public schl teachers. After graduating, yu have a grace perid f six mnths befre yu must begin repaying yur student lans Lcate yur paperwrk at Natinal Student Lan Data System fr Students: Interest rates change each July 1 based n the ging rate fr a Treasury bill index, thus yur payments may increase r decrease (Check with yur lender fr specific interest rate infrmatin) Maximum rate fr Staffrd is 8.25% Maximum rate fr Perkins is 5% Teacher Lan Frgiveness Prgram * Staffrd Lan Yu may receive up t $17,500 in lan frgiveness if yu are: Highly qualified full-time mathematics r science teacher in a secndary schl Highly qualified special educatin teacher Yu may receive up t $5,000 in lan frgiveness if: Yur five years f qualifying teaching service began befre Octber 30,2004 and yu were: A full time elementary teacher wh demnstrated knwledge and teaching skills in reading, writing, mathematics, and ther areas f the elementary schl curriculum A full time secndary teacher wh taught in a subject area relevant t yur academic majr Yur first five years f qualifying service began n r after Octber 30, 2004 and yu were a highly qualified full time elementary r secndary schl teacher Teacher Lan Frgiveness Prgram * Staffrd Lan General Requirements: Receive a Staffrd Lan thrugh the Federal Family Educatin Lan (FFEL) Prgram Yu are a new brrwer (n utstanding balance n an FFEL after Octber 1, 1998) Yu have been emplyed fr at least five cnsecutive years in an elementary r secndary schl designated as a lw-incme schl Yu are nt in default n the lan fr which yu are seeking frgiveness Yu have nt received a benefit fr the same teaching service thrugh the AmeriCrps Prgram At least ne f yur five years f qualifying teaching service must be after the academic year Yu received the lan fr which yu are requesting frgiveness befre the end f yur fifth year f qualifying teaching Teacher Lan Frgiveness Prgram * Staffrd Lan Must cmplete a Teacher Lan Frgiveness Applicatin and return it t the hlder(s) f the lan(s) fr which yu are requesting frgiveness The Administratr where yu perfrmed yur qualifying teaching service must certify n the applicatin that yur teaching service met the requirements fr lan frgiveness fr all five years Yur Federal Student Lan Bklet: Student Lan Frgiveness Brchure: Teacher Lan Frgiveness Applicatin: Applicatin.pdf Teacher Lan Frgiveness Prgram * Staffrd Lan Hw d I find ut if my schl is designated as a lw-incme schl? Call FED-AID Repaying Cancellatin and Deferment Optins Fr Teachers Cancellatin fr Staffrd Lans State Year Schl Name Lcatin (r Schl District) Search DO THIS FOR FIVE CONSECUTIVE YEARS TO SEE IF YOUR SCHOOL QUALIFIES Teacher Lan Frgiveness Prgram * Perkins Yu qualify fr cancellatin: if yu have served full time in a public r nnprfit elementary r secndary schl system as a: teacher in a schl serving students frm lw-incme families; r special-educatin teacher, including teachers f infants, tddlers, children, r yuth with disabilities; r teacher in the fields f mathematics, science, freign languages, r bilingual educatin, r in any ther field f expertise determined by a state educatin agency t have a shrtage f qualified teachers in that state. 2

7 Teacher Lan Frgiveness Prgram * Perkins Teaching in a Lw-Incme Schl May be granted nly if yu taught in an eligible schl as determined by the state educatin agency State Year Schl Name Lcatin (r Schl District) Search DO THIS FOR FIVE CONSECUTIVE YEARS TO SEE IF YOUR SCHOOL QUALIFIES IF YOU HAVE QUESTIONS ABOUT THE INCLUSION OR OMISSION OF A PARTICULAR SCHOOL, THEY SHOULD BE DIRECTED TO THE STATE EDUCATION AGENCY CONTACT, NOT THE U.S. DEPARTMENT OF EDUCATION Public Service Lan Frgiveness (PSLF Prgram) The PSLF Prgram is intended t encurage individuals t enter and cntinue t wrk full-time in public service jbs. Under this prgram, yu may qualify fr frgiveness f the remaining balance due n yur William D. Frd Federal Direct Lan Prgram lans after yu have made 120 qualifying payments n thse lans while emplyed full-time by certain public service emplyers. Surce: Applicatin / infrmatin: Yur_Student_Lans/pslf.pdf Teacher Lan Frgiveness Prgram * Perkins Teaching in a designated subject shrtage area Each year the state educatin agency determines any subject shrtage areas in the elementary and secndary schls within the state Listing f Teacher Shrtage Areas Natinwide Listing: Questin & Answer Can I pstpne my lan payments while I m cmpleting my teaching service? Yu can request a frbearance by cmpleting a Teacher Lan Frgiveness Frbearance Frm, and sending it t yur lan hlder. Yur lan hlder is required t grant this frbearance nly if the lan hlder believes that the maximum frgiveness amunt yu are seeking will pay yur lan balance ff in full at the end f yur teaching service. (Teacher Lan Frgiveness Frbearance Frm: If I make payments n my lans and the utstanding balance is less than $5,000 ($17,500 fr certain highly qualified secndary math r science teachers, r elementary r secndary special educatin teachers) at the end f my five years f teaching service, can any payments I ve made be refunded? N. The frgiveness nly applies t any utstanding balance at the end f the five-year perid f qualifying service. That s why if yu have a lw balance, it is advantageus fr yu t request a frbearance while yu are perfrming yur teaching service, t help yu maximize yur frgiveness benefit. SOURCE: Teacher Lan Frgiveness Prgram * Perkins Hw d I apply fr teacher cancellatin? Request the paperwrk frm the ffice that administers the Federal Perkins Lan prgram at the schl that hlds yur lan Yu must als prvide any dcumentatin the schl requests t shw that yu qualify fr cancellatin Cancellatin amunts fr years f service If a brrwer is eligible fr teacher cancellatin under any f the categries listed abve, up t 100 percent f the lan may be canceled fr teaching service, in the fllwing increments: 15 percent canceled per year fr the first and secnd years f service, 20 percent canceled fr the third and furth years, and 30 percent canceled fr the fifth year. Each amunt canceled per year includes the interest that accrued during the year. Questin and Answer Shuld I cnslidate? This varies frm persn t persn based n yur individual lan and what wrks best fr yur persnal financial situatin Advantages: Get arund the stress f July 1 when the interest rate changes If yu cnslidate during yur grace perid yu may qualify fr a lwer fixed interest rate Disadvantages: Nt eligible fr deferment r frbearance Cnslidatin is a ne time deal, nt like a mrtgage where yu can refinance ***YOU MAY JEOPARDIZE YOUR ABILITY TO APPLY FOR LOAN FORGIVENESS*** 3

8 Questin and Answer Shuld I cnslidate? I just gt married, and bth my spuse and I have student lans. Shuld we pay them separately r cnslidate all f ur debt? Hpe fr the best, plan fr the wrst Death r divrce Bankruptcy Surce: Suze Orman, The Mney Bk fr the Yung, Fabulus, and Brke pg Actual example f a married cuple, bth f whm are teachers Autmatic Death Benefits Years f Death AD&D Occupatin/A Unlawful Cntinuus ssciatin Benefit Benefit hmicide Membership Leader AD&D while at Benefit wrk 1 year $200 $1,000 $50,000 $150,000 2 years $400 $2,000 $50,000 $150,000 3 years $600 $3,000 $50,000 $150,000 4 years $800 $4,000 $50,000 $150,000 5 r mre years $1,000 $5,000 $50,000 $150,000 Resurces frm CTA Member Benefits Visit Name Beneficiary fr CTA D&D Plan Visit Has Supplemental Infrmatin fr Student Lan Frgiveness Call CTA Member Benefits Department t learn mre abut yur benefits Dwnlad the CTA Member Benefits App n the App Stre and Ggle Play Resurces frm NEA Visit Vide n Public Service Lan Frgiveness (PSLF) and Incme Driven Repayment Take the pledge fr cllege affrdability Resurces frm NEA Member Benefits Visit Name Beneficiary fr NEA Cmplimentary Life Visit Order tw free magazine subscriptins Visit Online Prfessinal Develpment Masters and PhD Degrees 4

9 TEACHER LOAN FORGIVENESS APPLICATION William D. Frd Federal Direct Lan (Direct Lan) Prgram Federal Family Educatin Lan (FFEL) Prgram OMB N Frm Apprved Exp. Date 07/31/2017 TLFA WARNING: Any persn wh knwingly makes a false statement r misrepresentatin n this frm r n any accmpanying dcument is subject t penalties that may include fines, imprisnment, r bth, under the U.S. Criminal Cde and 20 U.S.C SECTION 1: BORROWER IDENTIFICATION Please enter r crrect the fllwing infrmatin. Check this bx if any f yur infrmatin has changed. SSN - - Name Address City, State, Zip Cde Telephne Primary Telephne Alternate (ptinal) ( ) - ( ) - SECTION 2: LOAN FORGIVENESS REQUEST (TO BE COMPLETED BY THE BORROWER) READ SECTIONS 7-10 BEFORE COMPLETING THE FORM. The infrmatin yu prvide is subject t verificatin. I request frgiveness n my Direct Lan and/r FFEL prgram lan(s) based n my emplyment as a full-time teacher fr at least five cnsecutive, cmplete academic years. During the perid that qualifies me fr lan frgiveness, I taught (check all that apply): at an eligible elementary schl at an eligible secndary schl fr an eligible educatinal service agency AND I was (check all that apply): A highly qualified full-time special educatin teacher fr elementary schl children with disabilities. The children s disabilities crrespnded t my special educatin training, and I demnstrated knwledge and teaching skills in the cntent areas f the elementary schl curriculum (frgiveness f up t $17,500). A highly qualified full-time special educatin teacher fr secndary schl children with disabilities. The children s disabilities crrespnded t my special educatin training, and I demnstrated knwledge and teaching skills in the cntent areas f the secndary schl curriculum (frgiveness f up t $17,500). A highly qualified full-time mathematics teacher fr secndary schl students (frgiveness f up t $17,500). A highly qualified full-time science teacher fr secndary schl students (frgiveness f up t $17,500). A full-time secndary educatin teacher in a subject area relevant t my academic majr (nly if my teaching service began befre 10/30/2004), r a highly qualified full-time secndary educatin teacher (frgiveness f up t $5,000). A full-time elementary educatin teacher and I demnstrated knwledge and teaching skills in reading, writing, mathematics, and ther areas f the elementary schl curriculum (nly if my teaching service began befre 10/30/2004), r a highly qualified full-time elementary educatin teacher (frgiveness f up t $5,000). Cntinued n the next page. Page 1 f 8

10 Brrwer s Name Brrwer s SSN - - SECTION 3: PREVIOUS LOAN FORGIVENESS INFORMATION (TO BE COMPLETED BY THE BORROWER) Check ne f the bxes belw: I have nt previusly applied fr r received lan frgiveness under this Teacher Lan Frgiveness Prgram. I have applied fr r received lan frgiveness under this Teacher Lan Frgiveness Prgram with the lan hlder listed belw. (If yu check this bx, prvide the lan hlder and frgiveness amunt infrmatin requested belw. If yu have applied fr but have nt yet received frgiveness, leave "Frgiveness Amunt" blank.) Lan Hlder Name Telephne r Web Site Frgiveness Amunt $ SECTION 4: UNDERSTANDINGS, CERTIFICATIONS, AND AUTHORIZATION (TO BE COMPLETED BY THE BORROWER) I understand that: (1) a frbearance f principal and accrued interest will be applied n the qualifying lan(s) frm the date my lan hlder receives my cmpleted lan frgiveness applicatin thrugh the date the lan frgiveness request is apprved r denied, unless I ntify my lan hlder that I intend t make regular payments during this perid; (2) making regular payments may reduce the amunt f my lan frgiveness; (3) if I am past due n payments when this applicatin is prcessed, my lan hlder may grant a separate frbearance t reslve the delinquency n these payments; and (4) any unpaid interest that accrues during each f these frbearance perids may be capitalized. I certify that: (1) the infrmatin I prvided in Sectins 1-3 is true and crrect; and (2) I have read and understand the definitins and terms and cnditins in Sectins 8-10, and I meet the eligibility requirements fr lan frgiveness. I authrize the lan hlder t which I submit this request (and its agents r cntractrs) t cntact me regarding my request r my lan(s), including repayment f my lan(s), at the number that I prvide n this frm r any future number that I prvide fr my cellular telephne r ther wireless device using autmated telephne dialing equipment r artificial r prerecrded vice r text messages. Brrwer s Signature Tday s Date - - SECTION 5: CHIEF ADMINISTRATIVE OFFICER S CERTIFICATION TO BE COMPLETED BY THE CHIEF ADMINISTRATIVE OFFICER SEE DEFINITION IN SECTION 8. Befre cmpleting this sectin, carefully read Sectins Mre than ne chief administrative fficer's certificatin may be required. Return the cmpleted frm t the applicant identified in Sectin 1. I certify, t the best f my knwledge and belief, that: (1) the applicant has met the requirements fr lan frgiveness as specified in Sectins 8-10, and (2) during the perid fr which the applicant is seeking frgiveness, the applicant was a teacher as defined in Sectins 8 and 9 and taught full time fr cnsecutive, cmplete academic year(s) at ne r mre eligible Title I schls r educatinal service agencies (ESAs) in the capacity that the applicant has indicated in Sectin 2 frm (mm-dd-yyyy) - - t - -. Schl (nt schl district) r ESA Name Check here if this is a schl perated by the Bureau f Indian Educatin (BIE) r perated n an Indian reservatin by an Indian tribal grup under cntract with the BIE. Schl r ESA Address (Street, City, State, Zip Cde) Schl District Cunty Chief Administrative Officer s Name and Title (Printed) Chief Administrative Officer s Signature Telephne ( ) - Tday s Date (mm-dd-yyyy) - - (ptinal) Page 2 f 8

11 SECTION 6: WHERE TO SEND THE COMPLETED TEACHER LOAN FORGIVENESS APPLICATION Return the cmpleted frm and any required dcumentatin t: If yu need help cmpleting this frm, call: (If n address is shwn, return t yur lan hlder.) SECTION 7: GENERAL INFORMATION AND INSTRUCTIONS FOR COMPLETING THE FORM (If n infrmatin is shwn, cntact yur lan hlder.) The Teacher Lan Frgiveness Prgram is intended t encurage individuals t enter and cntinue in the teaching prfessin. Under this prgram, if yu teach full time fr five cnsecutive, cmplete academic years at certain elementary and secndary schls r fr certain educatinal service agencies that serve lw-incme families and meet ther qualificatins, yu may be eligible fr frgiveness f up t a cmbined ttal f $17,500 in principal and interest n yur Direct Lan and/r FFEL prgram lans. Fr cmplete eligibility requirements, see Sectins Thrughut this frm, all references t the Department mean the U.S. Department f Educatin. Befre cmpleting Sectins 2-4, carefully read the entire frm. Be sure t prvide all requested infrmatin. Enter yur name and Scial Security Number at the tp f page 2. Type r print using dark ink. Shw dates as mm-dd-yyyy (fr example, shw January 31, 2014 as ). The chief administrative fficer f the schl r educatinal service agency where yu perfrmed yur qualifying teaching service must cmplete Sectin 5. If yu taught at mre than ne schl r fr mre than ne educatinal service agency during the same academic year, the chief administrative fficer frm ne f the schls r educatinal service agencies may cmplete Sectin 5. Hwever, all f the schls and/r educatinal service agencies must be listed. If yu taught at different schls r fr different educatinal service agencies during different academic years, the chief administrative fficers frm all f the schls r educatinal service agencies must certify yur eligibility. If yu need mre than ne chief administrative fficer's certificatin, the additinal certificatins, cntaining the infrmatin in Sectin 5, may be prvided n a separate piece f paper and submitted with yur cmpleted frm. Return the cmpleted frm t the address shwn in Sectin 6. If yu are applying fr frgiveness f lans that are held by different lan hlders, yu must submit a separate frm t each lan hlder. SECTION 8: DEFINITIONS A teacher is a persn wh prvides direct classrm teaching r classrm-type teaching in a nn-classrm setting, including special educatin teachers (see belw). NOTE: Schl librarians, guidance cunselrs, and ther administrative staff are nt cnsidered teachers fr the purpses f this lan frgiveness prgram. Special educatin means specially designed instructin, at n cst t parents, t meet the unique needs f a child with a disability (see belw), including instructin cnducted in the classrm, in the hme, in hspitals and institutins, and in ther settings; and instructin in physical educatin (see belw). A child with a disability is a child wh needs special educatin and related services because the child has an intellectual disability, a hearing impairment (including deafness), a speech r language impairment, a visual impairment (including blindness), a serius emtinal disturbance, an rthpedic impairment, autism, a traumatic brain injury, anther health impairment, r a specific learning disability. Fr a child age 3 thrugh 9, the term a child with a disability may, at the discretin f the state and the lcal educatinal agency, include a child wh needs special educatin and related services because the child is experiencing develpmental delays, as defined by the state and as measured by apprpriate diagnstic instruments and prcedures, in ne r mre f the fllwing areas: physical develpment, cgnitive develpment, cmmunicatin develpment, scial r emtinal develpment, r adaptive develpment. Page 3 f 8

12 SECTION 8: DEFINITIONS (CONTINUED) Physical educatin means the develpment f physical and mtr fitness, fundamental mtr skills and patterns, and skills in aquatics, dance, and individual and grup games and sprts (including intramural and lifetime sprts), and includes special physical educatin, adapted physical educatin, mvement educatin, and mtr develpment. An elementary schl is a public r nnprfit private schl that prvides elementary educatin as determined by state law r, if the schl is nt in a state, by the Department. A secndary schl is a public r nnprfit private schl that prvides secndary educatin as determined by state law r, if the schl is nt in a state, by the Department. An educatinal service agency is a reginal public multiservice agency (nt a private rganizatin) authrized by state statute t develp, manage, and prvide services r prgrams t lcal educatinal agencies (such as public schl districts), as defined in sectin 9101 f the Elementary and Secndary Educatin Act f 1965, as amended. An academic year is: One cmplete schl year at the same schl r fr the same educatinal service agency, r Tw cmplete and cnsecutive half years at different schls r fr different educatinal service agencies, r Tw cmplete and cnsecutive half years frm different schl years at either the same schl r fr the same educatinal service agency r at different schls r fr different educatinal service agencies. Half years d nt include summer sessins. Tw half years generally fall within a 12-mnth perid. Fr schls r educatinal service agencies that have a year-rund prgram f instructin, a minimum f nine mnths is cnsidered an academic year. Full time means the standard used by a state in defining full-time emplyment as a teacher. If yu teach in mre than ne schl r educatinal service agency, full time is based n the cmbinatin f all f yur qualifying emplyment. Lans that are eligible fr frgiveness are Federal Direct Staffrd/Frd Lans (Direct Subsidized Lans), Federal Direct Unsubsidized Staffrd/Frd Lans (Direct Unsubsidized Lans), Subsidized Federal Staffrd Lans, Unsubsidized Federal Staffrd Lans, and any prtin f a Federal Direct Cnslidatin Lan r Federal Cnslidatin Lan that paid ff an eligible Direct Subsidized Lan, Direct Unsubsidized Lan, Subsidized Federal Staffrd Lan, r Unsubsidized Federal Staffrd Lan. Direct PLUS Lans, Federal PLUS Lans, and any prtin f a Direct Cnslidatin Lan r Federal Cnslidatin Lan that repaid a PLUS lan are nt eligible fr frgiveness. The hlder f yur Direct Lan Prgram lans is the Department. The hlder f yur FFEL Prgram lans may be a lender, secndary market, guaranty agency, r the Department. Yur lan hlder may use a servicer t handle billing and ther cmmunicatins related t yur lans. References t yur lan hlder n this frm mean either yur lan hlder r yur servicer. The chief administrative fficer is the fficial wh has access t emplyment recrds that establish yur eligibility fr lan frgiveness in accrdance with the requirements explained n this frm, and wh is authrized t verify yur qualifying emplyment at a schl r by an educatinal service agency. Depending n yur emplyer, the chief administrative fficer may be a superintendent, a human resurces fficial r ther schl district r educatinal service agency fficial, r a principal r assistant principal. A frbearance is a temprary cessatin f payments, an extensin f time fr making payments, r temprary acceptance f smaller payments than previusly scheduled. Yu are respnsible fr any interest that accrues n a lan during frbearance. If yu d nt pay the interest that accrues n the lan, the interest may be capitalized. Capitalizatin is the additin f unpaid interest t the principal balance f yur lan. This will increase the principal and ttal cst f yur lan. Page 4 f 8

13 SECTION 9: DEFINITION OF HIGHLY QUALIFIED PUBLIC SCHOOL TEACHERS (INCLUDING TEACHERS EMPLOYED BY EDUCATIONAL SERVICE AGENCIES) T be a highly qualified teacher, a teacher f public elementary r secndary schl students must: Have btained full state certificatin as a teacher (including certificatin btained thrugh alternative rutes t certificatin) r passed the state teacher licensing examinatin, and hld a license t teach in that state, except that when used with respect t teaching in a public charter schl, the term highly qualified teacher means that the teacher meets the requirements set frth in the state s public charter schl law; and Nt have had certificatin r licensure requirements waived n an emergency, temprary, r prvisinal basis. In additin A teacher f elementary schl students wh is new t the prfessin als is cnsidered highly qualified if the teacher: Hlds at least a bachelr s degree; and Has demnstrated, by passing a rigrus state test, subject knwledge and teaching skills in reading, writing, mathematics, and ther areas f the basic elementary schl curriculum (which may cnsist f passing a staterequired certificatin r licensing test r tests in reading, writing, mathematics, and ther areas f the basic elementary schl curriculum). A teacher f middle r secndary schl students wh is new t the prfessin als is cnsidered highly qualified if the teacher: Hlds at least a bachelr s degree; and Has demnstrated a high level f cmpetency in each f the academic subjects in which the teacher teaches by: Passing a rigrus state academic subject test in each f the academic subjects in which the teacher teaches (which may cnsist f a passing level f perfrmance n a state-required certificatin r licensing test r tests in each f the academic subjects in which the teacher teaches); r Successful cmpletin, in each f the academic subjects in which the teacher teaches, f an academic majr, a graduate degree, cursewrk equivalent t an undergraduate academic majr, r advanced certificatin r credentialing. A teacher f elementary, middle, r secndary schl students wh is nt new t the prfessin als is cnsidered highly qualified if the teacher hlds at least a bachelr s degree and: Meets the applicable standards f a teacher f elementary, middle, r secndary schl students wh is new t the prfessin; r Demnstrates cmpetence in all the academic subjects in which the teacher teaches based n a high bjective, unifrm state standard f evaluatin that: Is set by the state fr bth grade apprpriate academic subject matter knwledge and teaching skills; Is aligned with challenging state academic cntent and student academic achievement standards and develped in cnsultatin with cre cntent specialists, teachers, principals, and schl administratrs; Prvides bjective, cherent infrmatin abut the teacher s attainment f cre cntent knwledge in the academic subjects in which a teacher teaches; Is applied unifrmly t all teachers in the same academic subject and the same grade level thrughut the state; Takes int cnsideratin, but is nt based primarily n, the time the teacher has been teaching in the academic subject; Is made available t the public upn request; and May invlve multiple, bjective measures f teacher cmpetency. PRIVATE SCHOOL TEACHERS T be a highly qualified teacher, a teacher in a private, nn-prfit elementary r secndary schl wh is nt a highly qualified teacher as defined abve must be permitted t and satisfy rigrus subject knwledge and skills tests by taking Page 5 f 8

14 SECTION 9: DEFINITION OF HIGHLY QUALIFIED (CONTINUED) cmpetency tests in applicable grade levels and subject areas. The cmpetency tests must be recgnized by five r mre states fr the purpses f fulfilling the highly qualified teacher requirements under sectin 9101 f the Elementary and Secndary Educatin Act f The teacher must als achieve a scre n each test that equals r exceeds the average passing scre fr thse states. SECTION 10: TERMS AND CONDITIONS T qualify fr lan frgiveness, yu must nt have had an utstanding balance n a Direct Lan r FFEL prgram lan n Octber 1, 1998, r n the date that yu btained a Direct Lan r FFEL prgram lan after Octber 1, This means that if yu had an utstanding balance n ne r mre Direct Lan r FFEL prgram lans n Octber 1, 1998, r n any Direct Lan r FFEL prgram lans that yu btained while yu had an utstanding balance n a Direct Lan r FFEL prgram lan made n r befre Octber 1, 1998, yu may qualify fr lan frgiveness if yu later paid all f thse lans in full s that yu had n utstanding balance n any Direct Lan r FFEL prgram lan at the time yu btained a new Direct Lan r FFEL prgram lan after Octber 1, Yu are nt eligible t receive frgiveness n a defaulted lan unless yu have first made satisfactry repayment arrangements with the hlder f the defaulted lan. Any lan fr which yu are seeking frgiveness must have been made befre the end f yur five cnsecutive, cmplete academic years f qualifying teaching service. Yu must nt have received benefits thrugh the AmeriCrps Prgram under Subtitle D f Title I f the Natinal and Cmmunity Service Act f 1990 r lan frgiveness under the Direct Lan Public Service Lan Frgiveness Prgram fr the same teaching service fr which yu are seeking frgiveness n yur Direct Lan and/r FFEL prgram lans. Yu must have been emplyed as a full-time teacher fr five cnsecutive, cmplete academic years at an elementary r secndary schl r fr an educatinal service agency that: Is in a schl district that qualifies fr funds under Title I f the Elementary and Secndary Educatin Act f 1965, as amended; Has been selected by the Department based n a determinatin that mre than 30% f the schl s r educatinal service agency s ttal enrllment is made up f children wh qualify fr services prvided under Title I; and Is listed in the Annual Directry f Designated Lw-Incme Schls fr Teacher Cancellatin Benefits (available nline at If this directry is nt available befre May 1 f any year, the previus year s directry may be used. If yur schl r educatinal service agency meets the abve requirements fr at least ne year f yur teaching service, but des nt meet these requirements during subsequent years, yur subsequent years f teaching at the schl r educatinal service agency may be cunted tward the required five years f teaching. NOTE: All elementary and secndary schls perated by the Bureau f Indian Educatin (BIE) r perated n Indian reservatins by Indian tribal grups under cntract with the BIE qualify as schls serving lw-incme students. If yu were unable t cmplete an academic year f teaching, that year may still be cunted tward the required five cnsecutive, cmplete academic years if: Yu cmpleted at least ne-half f the academic year; and Yur emplyer cnsiders yu t have fulfilled yur cntract requirements fr the academic year fr the purpses f salary increases, tenure, and retirement; and Yu were unable t cmplete the academic year because: Yu returned t pstsecndary educatin, n at least a half-time basis, in an area f study directly related t the perfrmance f the teaching service described abve; r Yu had a cnditin cvered under the Family and Medical Leave Act f 1993 (FMLA); r Page 6 f 8

15 SECTION 10: TERMS AND CONDITIONS (CONTINUED) Yu were called r rdered t active duty status fr mre than 30 days as a member f a reserve cmpnent f the Armed Frces. NOTE: Absence due t a perid f pstsecndary educatin, a cnditin cvered under the FMLA, r active duty service, including the time needed fr yu t resume teaching n later than the beginning f the next regularly scheduled academic year, is nt cnsidered a break in the required five cnsecutive, cmplete academic years. Yu may qualify fr frgiveness based n qualifying teaching service at any cmbinatin f eligible elementary schls, secndary schls, r educatinal service agencies. Hwever: Teaching at an eligible elementary r secndary schl may be cunted nly if at least ne f the five years f teaching was after the academic year. Teaching fr an eligible educatinal service agency may be cunted nly if the cnsecutive five-year perid includes qualifying service fr an eligible educatinal service agency perfrmed after the academic year. If yur five cnsecutive, cmplete years f qualifying teaching service began befre Octber 30, 2004: Yu may receive up t $5,000 in lan frgiveness if yu were: A full-time teacher fr elementary schl students and yu demnstrated knwledge and teaching skills in reading, writing, mathematics, and ther areas f the elementary schl curriculum; r A full-time teacher fr secndary schl students and yu taught in a subject area that was relevant t yur academic majr. Yu may receive up t $17,500 in lan frgiveness if yu were: A highly qualified full-time teacher f mathematics r science t secndary schl students; r A highly qualified full-time special educatin teacher whse primary respnsibility was t prvide special educatin t children with disabilities, and yu taught children with disabilities that crrespnded t yur area f special educatin training and have demnstrated knwledge and teaching skills in the cntent areas f the curriculum that yu taught. If yur five cnsecutive, cmplete years f qualifying teaching service began n r after Octber 30, 2004: Yu may receive up t $5,000 in lan frgiveness if yu were a highly qualified full-time teacher fr elementary r secndary schl students. Yu may receive up t $17,500 in lan frgiveness if yu were: A highly qualified full-time teacher f mathematics r science t secndary schl students; r A highly qualified full-time special educatin teacher whse primary respnsibility was t prvide special educatin t children with disabilities, and yu taught children with disabilities that crrespnded t yur area f special educatin training and have demnstrated knwledge and teaching skills in the cntent areas f the curriculum that yu taught. Yu are nt eligible fr frgiveness f mre than a cmbined ttal f $17,500 f principal and interest f yur Direct Lan and/r FFEL prgram lans. Yu must repay any lan balance that remains after frgiveness has been granted. Unless yu instruct yur lan hlder therwise, the frgiveness amunt will be applied t yur lans in the fllwing rder: (1) Direct Unsubsidized Lans r unsubsidized Federal Staffrd Lans, (2) Direct Subsidized Lans r subsidized Federal Staffrd Lans, and (3) Direct Unsubsidized Cnslidatin Lans, Direct Subsidized Cnslidatin Lans, r Federal Cnslidatin Lans. If yu are determined t be eligible fr lan frgiveness under this prgram, yur lan hlder will nt refund any payments that yu made r that were made n yur behalf befre the determinatin f eligibility. If yu receive lan frgiveness based n any false, fictitius, r fraudulent statements that yu make n this frm r n any accmpanying dcuments, yu may be required t repay the amunt frgiven and yu may be subject t civil and criminal penalties under applicable federal law. Page 7 f 8

16 SECTION 11: IMPORTANT NOTICES PRIVACY ACT DISCLOSURE NOTICE The Privacy Act f 1974 (5 U.S.C. 552a) requires that the fllwing ntice be prvided t yu: The authrities fr cllecting the requested infrmatin frm and abut yu are 428(b)(2)(A) et seq. and 451 et seq. f the Higher Educatin Act f 1965, as amended (20 U.S.C. 1078(b)(2)(A) et seq. and 20 U.S.C. 1087a et seq.) and the authrity fr cllecting and using yur Scial Security Number (SSN) is 484(a)(4) f the HEA (20 U.S.C. 1091(a)(4)). Participating in the Federal Family Educatin Lan (FFEL) Prgram r the William D. Frd Federal Direct Lan (Direct Lan) Prgram and giving us yur SSN are vluntary, but yu must prvide the requested infrmatin, including yur SSN, t participate. The principal purpses fr cllecting the infrmatin n this frm, including yur SSN, are t verify yur identity, t determine yur eligibility t receive a lan r a benefit n a lan (such as a deferment, frbearance, discharge, r frgiveness) under the FFEL Prgram and/r Direct Lan Prgram, t permit the servicing f yur lan(s), and, if it becmes necessary, t lcate yu and t cllect n yur lan(s) if yur lan(s) becmes delinquent r in default. We als use yur SSN as an accunt identifier and t permit yu t access yur accunt infrmatin electrnically. The infrmatin in yur file may be disclsed t third parties as authrized under rutine uses in the apprpriate systems f recrds. The rutine uses f this infrmatin include its disclsure t federal, state, r lcal agencies, t ther federal agencies under cmputer matching prgrams, t agencies that we authrize t assist us in administering ur lan prgrams, t private parties such as relatives, present and frmer emplyers, business and persnal assciates, t credit bureau rganizatins, t financial and educatinal institutins, t guaranty agencies, and t cntractrs in rder t verify yur identity, t determine yur eligibility t receive a lan r a benefit n a lan, t permit the servicing r cllectin f yur lan(s), t cunsel yu in repayment effrts, t enfrce the terms f the lan(s), t investigate pssible fraud and t verify cmpliance with federal student financial aid prgram regulatins, t lcate yu if yu becme delinquent in yur lan payments r if yu default, t prvide default rate calculatins, t prvide financial aid histry infrmatin, t assist prgram administratrs with tracking refunds and cancellatins, r t prvide a standardized methd fr educatinal institutins efficiently t submit student enrllment status. In the event f litigatin, we may send recrds t the Department f Justice, a curt, adjudicative bdy, cunsel, party, r witness if the disclsure is relevant and necessary t the litigatin. If this infrmatin, either alne r with ther infrmatin, indicates a ptential vilatin f law, we may send it t the apprpriate authrity fr actin. We may send infrmatin t members f Cngress if yu ask them t help yu with federal student aid questins. In circumstances invlving emplyment cmplaints, grievances, r disciplinary actins, we may disclse relevant recrds t adjudicate r investigate the issues. If prvided fr by a cllective bargaining agreement, we may disclse recrds t a labr rganizatin recgnized under 5 U.S.C. Chapter 71. Disclsures may als be made t qualified researchers under Privacy Act safeguards. PAPERWORK REDUCTION NOTICE Accrding t the Paperwrk Reductin Act f 1995, n persns are required t respnd t a cllectin f infrmatin unless such cllectin displays a valid OMB cntrl number. The valid OMB cntrl number fr this infrmatin cllectin is Public reprting burden fr this cllectin f infrmatin is estimated t average 20 minutes (0.33 hurs) per respnse, including time fr reviewing instructins, searching existing data surces, gathering and maintaining the data needed, and cmpleting and reviewing the cllectin f infrmatin. The bligatin t respnd t this cllectin is required t btain a benefit in accrdance with 34 CFR (f)(1) and 34 CFR (e)(1). If yu have cmments r cncerns regarding the status f yur individual submissin f this frm, cntact yur lan hlder at the address shwn in Sectin 6. Page 8 f 8

17 Federal Student Aid STAFFORD LOAN FORGIVENESS PROGRAM FOR TEACHERS Fr lans made under the William D. Frd Federal Direct Lan (Direct Lan) Prgram and the Federal Family Educatin Lan (FFEL) Prgram.

18 Overview The Staffrd Lan Frgiveness Prgram fr Teachers is intended t encurage individuals t enter and remain in the teaching prfessin. Under this prgram, yu may receive lan frgiveness f up t $17,500 if yu teach fr five cnsecutive academic years in schls r educatinal service agencies* that serve lw-incme families, and meet ther requirements. An educatinal service agency is a reginal public multiservice * agency (nt a private rganizatin) that is authrized by state law t develp, manage, and prvide services r prgrams t lcal educatin agencies, such as public schl districts. General Requirements T be eligible t participate in the Staffrd Lan Frgiveness Prgram fr Teachers, yu must meet the fllwing requirements: Yu are a new brrwer. Yu are cnsidered a new brrwer if yu did nt have an utstanding balance n a Direct r FFEL SM Prgram lan n Oct. 1, 1998, r n the date yu btained a Direct r FFEL Prgram lan after Oct. 1, Yu have an eligible Staffrd Lan that yu btained thrugh the Direct Lan r FFEL Prgrams, r yu have a Direct Lan r FFEL cnslidatin lan that yu received t repay an eligible Staffrd Lan. Yu were emplyed fr at least five cnsecutive, cmplete schl years as a full-time teacher in a lwincme elementary r secndary schl (public r private) r educatinal service agency. T find ut whether yur schl r educatinal service agency qualifies as lw-incme, visit r call FED-AID. Nte that all schls perated by the Bureau f Indian Educatin (BIE) are cnsidered lw-incme schls fr this prgram. NOTE: Fr teaching at an eligible elementary r secndary schl t cunt tward the required five cnsecutive cmplete academic years, at least ne f yur five years f qualifying teaching service must have been after the academic year. Fr teaching at an eligible educatinal service agency t cunt tward the required five cnsecutive cmplete

19 academic years, the cnsecutive five-year perid must include qualifying service at an eligible educatinal service agency perfrmed after the academic year. Yu are nt in default n the lan fr which yu are requesting frgiveness (unless yu have made satisfactry repayment arrangements with the hlder f the lan). Yu have nt received a benefit fr the same teaching service thrugh the AmeriCrps prgram r the Public Service Lan Frgiveness Prgram. Yu received the lan fr which yu are requesting frgiveness befre the end f yur fifth year f qualifying teaching. Frgiveness Amunt Yu may receive up t $17,500 in lan frgiveness if yu were a highly qualified full-time mathematics r science teacher in a secndary schl, r a highly qualified full-time teacher f mathematics r science t secndary students at an educatinal service agency; r a highly qualified full-time special educatin teacher wh taught children with disabilities at an elementary r secndary schl r educatinal service agency. In additin, yu must have taught children with disabilities that crrespnded t yur area f special educatin training, and yu must have demnstrated knwledge and teaching skills in the cntent areas f the elementary r secndary schl curriculum. Yu may receive up t $5,000 in lan frgiveness if yur five years f qualifying teaching service began befre Oct. 30, 2004, and yu were a full-time elementary schl teacher at an elementary schl r educatinal service agency wh demnstrated knwledge and teaching skills in reading, writing, mathematics, and ther areas f the elementary schl curriculum; r a full-time secndary schl teacher r teacher f secndary students at an educatinal service agency wh taught in a subject area relevant t yur academic majr; r

20 yur five years f qualifying teaching service began n r after Oct. 30, 2004, and yu were a highly qualified full-time elementary r secndary schl teacher at a lw-incme elementary r secndary schl r educatinal service agency. NOTE: The abve amunts represent the maximum amunts in lan frgiveness that yu may receive n yur eligible Direct and FFEL Prgram lans cmbined. The chief administrative fficer(s) f yur schl(s) r educatinal service agency(ies) will determine whether yu meet all applicable requirements fr the apprpriate lan frgiveness amunt. Applying fr Lan Frgiveness Yu must cmplete a Teacher Lan Frgiveness Applicatin and return it t the servicer(s) f the lan(s) fr which yu are requesting frgiveness. T btain an applicatin, cntact yur lan servicer(s). If yu are applying fr frgiveness f mre than ne lan and yur lans have different servicers, yu must submit a separate applicatin t each servicer. Fr infrmatin n yur lans, including the name(s) f yur lan servicer(s), visit the Natinal Student Lan Data System SM at The chief administrative fficer(s) f the schl(s) r educatinal service agency(ies) where yu perfrmed yur qualifying teaching service must certify n the applicatin that yur teaching service met the requirements fr lan frgiveness fr all five years. The chief administrative fficer is an fficial (such as a principal, assistant principal, r superintendent) wh has access t emplyment recrds that establish yur eligibility fr lan frgiveness, and wh is authrized t verify yur qualifying emplyment. If yu need mre than ne chief administrative fficer s certificatin, submit all the certificatins with yur cmpleted lan frgiveness applicatin.

21 Spread the wrd abut this prgram. Please share this infrmatin with ther teachers wh may be eligible fr lan frgiveness. Yu can dwnlad this brchure at: Getty Images

22 Fr Mre Infrmatin Fr detailed infrmatin abut the eligibility requirements f the Staffrd Lan Frgiveness Prgram fr Teachers as well as infrmatin abut teacher lan cancellatin benefits fr Perkins Lan brrwers, visit ur Cancellatin and Deferment Optins fr Teachers Web page at Fr a cmplete list f all cancellatin, discharge, and frgiveness prvisins (including frgiveness fr public service emplyees), visit Fr mre details abut ther student aid prgrams fr which yu may be eligible: Visit the Federal Student Aid website at r Call ur Federal Student Aid Infrmatin Center at FED-AID (TTY ). Fr questins abut yur teaching service, cntact the chief administrative fficer f the schl r educatinal service agency that has emplyed yu. k Printed: December 2010, 2010 Punchstc