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LOAN FORGIVENESS PROGRAMS

Select the link below for more information on the specific loan forgiveness program.

Nebraska Department of Education

EXCELLENCE IN TEACHING ACT FORGIVABLE LOANS (Rule 25) - For Nebraska residents currently enrolled in an undergraduate or graduate teacher education program at an eligible Nebraska institution:

Attracting Excellence to Teaching Program (AETP)

For eligible students working towards their initial certificate to teach in Nebraska.

Enhancing Excellence in Teaching Program (EETP)

For current teachers in Nebraska schools working toward their graduate degree.

2010 Excellence in Teaching Act Status Report

Nebraska Teacher Vacancy Survey Comparison Report

US Department of Education

You may qualify for a grant while you are in school, or you may qualify for loan forgiveness while teaching depending upon the type of student loan you have. Because each federal student loan has very specific requirements and specifications, it is helpful to know the type of loan you received before visiting websites or talking to customer service representatives. If you are unsure about the type of loan you have, contact either the financial aid office of the university/college you attended or the loan guarantor that holds your loan to assist you. The USDE offers grants to students and loan forgiveness to those who teach full-time in a low-income school or in a content shortage area.

 

Perkins Loan

If you have a loan from the Federal Perkins Loan Program, you might be eligible for loan forgiveness for full-time teaching at a low-income school or in a content shortage area. Check with the school that made your Perkins Loan or visit the USDE Student Aid Information Center web site for more information.

 

Stafford Loan

If you received a Stafford loan on or after October 1, 1998, and did not have an existing student loan, you might be eligible to have a portion of your loan cancelled. Teacher loan forgiveness for Stafford loans is available to qualifying borrowers who teach in designated low-income schools. Teaching in a content shortage area is not considered for forgiveness of a Stafford loan. The National Student Loan Program (NSLP) and the Direct Loan Servicing Center are available to assist with questions about loan forgiveness for Stafford loans. Information about loan forgiveness for a Stafford loan is also available from the USDE Student Aid Information Center web site.

 

Search for Low-Income Schools

A listing of designated low-income schools is available from the Teacher Cancellation Low Income Directory on the USDE web site. If you have questions regarding the list of schools, please contact the Title I Office of the Nebraska Department of Education at 402-471-2481.

 

Search for Teacher Shortage Areas

If you teach full time in science, mathematics, foreign language, or bilingual education, you qualify for loan forgiveness even if the subject area has not been designated as a shortage area. A listing of designated teacher shortage areas from 1990-2011 is available from the Teacher Shortage Areas Nationwide Listing on the USDE web site. 

 

Teach Grant

For qualifying students who intend to teach in a school that serves low-income families. Visit the Teach Grant Web Site.

 

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