August 18, 2006, Newsletter Issue #28: Forgiveness for Teachers

Tip of the Week

With the demand for teachers so high, most states offer some sort of forgiveness/cancellation of loans. Each state has a different formula, but the general guideline is that a certain amount of money will be cancelled per year spent teaching in that state.

Federal forgiveness programs also offer relief for teachers who work in low income areas, special education teachers, and teachers who concentrate in certain "in demand" subjects such as the foreign languages, math and science.

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