Did you guys know that the government pays off a
portion of your student loans if you meet a certain criterion as an educator? Every year TEA submits a list of
teacher shortage areas by the subject being taught and where the need lies in
certain schools or school districts. They also compose a list of designated
low-income schools to the Department of Education. Teachers with student loans
may qualify for loan forgiveness, deferment, or cancellation benefits. This
offer a sort of incentive to teachers who don’t want to teach at the lower
income schools or schools in more urban areas. Unfortunately, you cannot just
raise your hand and say, “hey, I teach at a low income school, can you forgive
my loans?” Eligibility for these benefits depends on the type of loan, the date
of their first loan, and whether the teacher serves in the prior designated
low-income school or subject matter teacher shortage area. This link gives
you some more information on the low income school that have made the list, and
the teacher shortage areas that they are looking for. Check it out!
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