Increased Student Loan Forgiveness for Teachers
This act increases the amounts of student loan forgiveness available to teachers. The changes apply to both forgiveness and cancellation programs after five years of teaching.
Key points
The student loan forgiveness amount for teachers increases from $5,000 to $15,000.
The loan forgiveness amount for specific groups of teachers increases from $17,500 to $30,000.
These changes apply to borrowers who complete their fifth full school year of teaching required for loan forgiveness on or after the act's enactment date.
Status:
Expired
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