Re: Loan Forgiveness programs

Posted by Ronald Coles on 10/10/05

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On 7/14/05, Sheri Burke wrote:
> I began teaching later in life and I'm not sure my loans
> will be paid off before I retire. Does anyone know anything
> about loan forgiveness programs? I would appreciate any
> help I can find. Thanks!

Dear Sheri:

I was a teacher for 6 years and I am now a Vice Principal in
the School district of Philadelphia. This is what to do:

1) You have many sources of income to pay your loans back.
Spend the time to research the ones that best fit your needs.

Here are some sources:

1) Contact your district for resources. 2) Contact your state
deptartment of education and finally 3) the federal
department of education. Especially look at ed.gov - they now
have programs that will pay for 100% of your loans.

If you teach in a urban, or hard to fill teacher location you
can also recieve 1) reimbursement 2) reduction or 3) a
partial payment depending on your years of service.

2) go to staffordloan.com - they give many helpful suggestions

3)ed.gov the phone number is 1-888-562-7002 - Ask for Federal
loan forgiveness programs

4) ed.gov 1-800-872-5327 or 1-800-4fed-aid

You will have to do some homework. I believe in the end you
will be pleasantly surprised. I was surprised to find out
that the Bush Admin had increased aid to teachers and lower
income areas. You can see exactly where this funding has gone
on ed.gov President Bush increased loan forgiveness programs
for educators as well. It is a good time to be a teacher.

I was very surprised to see everything that is available.
Dont forget your state dept of education - each state
specialized in supporting different programs - go to
(American Federation of teachers AFT) search loan forgiveness
programs and they will give you a breakdown for each state.
For example PA gives more support (loan forgiveness) to early
childhood teachers. etc.

There is also an urban and rural teacher loan forgiveness
program that will pay 10,000.00 in PA. Check with your state
dept of ed. Follow the above and you'll get where you want to
go.

Best Wishes.

Your friendly neighborhood Vice Principal

Ron Coles
The Hunter School
Philadelphia PA

Posts on this thread, including this one

• Loan Forgiveness programs, 7/14/05, by Sheri Burke.
• Re: Loan Forgiveness programs, 7/26/05, by Miss Bailey.
• Re: Loan Forgiveness programs, 10/10/05, by Ronald Coles.
• Re: Loan Forgiveness programs, 3/10/10, by Mel.
• Re: Loan Forgiveness programs, 8/05/10, by J.Campbell.