Student Loan Forgiveness & Repayment Opportunities
You may qualify for Student Loan Forgiveness...
2 of the most common federal loan forgiveness programs for RCSD employees are the Public Service Loan Forgiveness (PSLF) Program and the Teacher Loan Forgiveness (TLF) Program. Here is a breakdown...
1. Public Service Loan Forgiveness (PSLF)
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Forgives the remaining balance on your Direct Loans after 120 qualifying payments (i.e. at least 10 years).
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You must be employed by a qualifying employer - which you are as a RCSD Employee.
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To count payments toward PSLF, you must be on an income-driven repayment (IDR) plan (or another qualifying payment plan).
2. Teacher Loan Forgiveness (TLF)
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Offers up to $17,500 of forgiveness for Direct Subsidized/Unsubsidized Loans (or Federal Stafford Loans) after 5 complete and consecutive years of full-time teaching in a qualifying school.
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To qualify, one of those five years must have been after the 1997–98 academic year.
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Only certain subjects and teachers (e.g. highly qualified special education, or secondary math / science) may reach the higher forgiveness amounts of $17,500; others may be eligible for up to $5,000.
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Some loans (Direct PLUS, FFEL PLUS, Perkins) are not eligible for TLF.
You can visit this link for more information.
Forms should be submitted electronically and sent to che503@rcsd.ms
