Illinois Teachers Loan Repayment Program

$5,000

Description

This program provides loan forgiveness of up to $5,000 on Federal Stafford Loans to encourage academically talented Illinois students to teach in Illinois schools in low-income areas. To be eligible, candidates must apply and receive loan forgiveness from the federal government's Teacher Loan Forgiveness program for Stafford Loans, including teaching for five years in a high needs subject and/or geographic area.

Website

http://www.isac.org/students/after-college/forgiveness-programs/illinois-teachers-and-child-care-providers-loan-repayment-program.html

Eligibility

Purpose of Funds

Master's & Certification, Bachelor's & Certification

Eligible Programs

n/a

Eligible Locations

Illinois

Education Stage

Certified Teacher

Require Major

Any

Teaching Commitment

Number of Years

School Type

Must teach at a high-needs school as defined by the Department of Education