Home : 2003 : November : 25
Loan Forgiveness
By StephR
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Some loans, like the federal stafford and the perkins loan, can be defered and/or forgiven by working in a low performing school. In the case of the Perkins Loan, each year, for 5 years, the loan is forgiven a certian percentage...leading eventually to 100% forgiveness...meaning you don't have to pay it back at all! The Stafford has some other guidelines (which I am currently looking into), but part of that loan can also be forgiven. Call your lender and see what Teacher programs they currently have. That's what I did.
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