Annually TEA submits a listing of teacher shortage areas by subject material and a listing of designated schools that are low-income the U.S. Department of Education. Teachers with specific forms of figuratively speaking may be eligible for partial loan forgiveness, deferment, or cancellation advantages.
Eligibility of these benefits is determined by the sort of loan the instructor has, the date of their very first loan, and if the instructor acts in a designated low-income school or matter teacher shortage area that is subject.
TEA will not determine an educator’s eligibility for instructor loan forgiveness. You shall need to contact your loan owner straight about the level of loan forgiveness you’re going to be eligible to receive. The loan owner, perhaps not TEA, has authority concerning the supply of this allowance.
You may also contact your loan servicer for extra information. That loan servicer is an organization that handles the payment as well as other solutions on your own federal student loan.
Teacher Shortage Areas
The 2019-2020 instructor shortage areas for Texas are:
- Bilingual/English being a 2nd language – Elementary and Secondary amounts
- Unique Education – Primary and Additional Amounts
- Job and Technical Education – Additional Amounts
- Tech Applications and Computer Science – Additional Levels
- Mathematics – Secondary Amounts
Loan Forgiveness Alternatives
This part describes loan forgiveness alternatives for instructors and all other college staff. Instructors may make an application for some of the programs given just below in the event that balance of the unpaid student that is federal surpasses the forgiveness quantity if they meet with the requirements of this system. Personal loans aren’t qualified. If you are uncertain what kind of loan you’ve got, speak to your loan provider.