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Student Loans Forgiveness

Stacey Said:

Do many schools pay off student loans if you become a teacher there?

We Answered:

There is a federal loan forgiveness program by which percentages of your student loan can be written off if you teach in the same Title I school for at least five years. Title I schools have a certain percentage of "disadvantaged kids": those receiving free or reduced lunch. Check the documentation on your loan to see if it qualifies.

My loan does, but I taught in one Title I school for two years, another for three years, and then went to work for the district. Oh well!

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