Grants For Teachers To Pay Off Student Loans And Other Programs

For most teachers, student loans can be a burden that makes staying in their careers feel challenging. While they love teaching and want to continue to do so for as long as possible, the lower pay rate of many teachers makes it difficult, if not impossible, to get ahead on student loans. This sends many looking for grants for teachers to pay off student loans.

Grants specifically designated to pay off loans may not be labeled specifically as grants. However, in place of grants for teachers to pay off student loans (https://studentloans.gov/myDirectLoan/index.action,) teachers may apply for student loan forgiveness through the government. Potential teachers may choose to donate some of their time to a charitable organization, like the AmeriCorps or Volunteers in Service of America, prior to starting their degree in return for having their loans paid off. The National Guard is another option to help students pay off their loans. You can also have your loans forgiven after serving in a public service role, including public school teaching, for ten years. During those ten years you will need to have been paying balances on your loans.

How To Apply

Applying for student loan forgiveness is different than applying for most grants, because you will not be submitting a grant proposal showing how your money will help your students. Instead, you will be applying for the program in question, and you will be showing how you can help the organization achieve its goals in return for having your debts paid. For some of the loan forgiveness programs, you simply have to show that you met the qualifications, such as serving in the field for the correct number of years.

More Resources

To find more information about student loan forgiveness and grants that help teachers pay off student debt, start with the Department of Education. They offer the Federal Perkins loan cancellation program for teachers who dedicate their services to students in low-income districts. You can find a list of the low-income districts that qualify for this program on the Department of Education website. Teachers may also qualify for this program if they teach learning disabled students, as well as certain high needs subjects, like math or science. Stafford Loan Forgiveness is another option, but it is a separate program also offered through the Department of Education.

If you do not qualify for these programs, consider volunteering some of your time in the Peace Corps or AmeriCorps. These programs can pay off your debts as well, if you are willing to dedicate some of your time. Check out the programs to learn what the requirements are before you decide to use this as a route to pay off your debts.