Illinois Teachers Loan Repayment Program
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.
|Purpose of Funds||Master's & Certification, Bachelor's & Certification|
|Education Stage||Certified Teacher|
|Number of Years||5|
|School Type||Must teach at a high-needs school as defined by the Department of Education|