Welcome Hojo's Teaching Adventures Readers!

As a thank you for visiting my page, view the following general information about teaching forgiveness 

-120 qualifying payments

-Must be made no more than 30 days before due date and 15 days after

-All loans must be Direct Loans

-Non taxable

-Must have qualifying plan (typically based on income only beneficial plan)




-Must teacher 5 years as highly qualified teacher in qualifying subject area at a Title I school

-If high school math and science or high school or elementary special ed, you can qualify for up to $17,500 in forgiveness

-If you are highly qualified teacher for a qualifying subject area, you can qualify for up to $5,000.00

-If the amount you would owe at the end of five years  is less than the forgiveness you will receive, you can do a Teacher Loan Forgiveness Forbearance yearly to avoid payment.  However this amount must include both principal and interest amount.

You qualify for cancellation of up to 100 percent of a Federal Perkins Loan if you have served full-time in a public or nonprofit elementary or secondary school system as the following;

-a teacher in a school serving students from low income families


-a special education teacher (this includes teachers of infants, toddlers, children or youth w/ disabilities)


-is a teacher in the fields of math, science, foreign language or bilingual education, or in any other field of expertise determined by the state education agency to have a shortage of qualified teachers in that particular state

-Based on duties, not on position title

-If you qualify for cancellation, it can be up to 100 percent of the loan, in the following increments:

-15% per year for the first and second years of service

-20% per year for the third and fourth years

-30% for the fifth year

These amounts also include the interest that accrued during the year

-Many other states and employers have their own forgiveness programs

-Often times in these situations, rather than cancellation payment is remitted to the provider for payment

-Talk to you individual employer or state to find out the time frame and eligibility requirements

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The  60% offer ended May 5, 2015 but you can still find out how I can help you!