Teaching is certainly the most important service that is provided in America if not the most important. Teachers have the difficult task of imparting the necessary knowledge and skillsets to our children so they can take their place to lead in their communities, cities, states and around the world. Unfortunately, the high cost of obtaining the education to teach and the competition from other jobs with higher salaries is contributing to a shortage of teachers as the demand steadily increases, especially in low income areas.
Fortunately, there are federal solutions to help America's teachers. If you meet certain eligibility requirements, you can be defer loan payments, eliminate a portion of those expenses or even have the entire loan forgiven. Below are the necessary links to the information and Ingram Accounting & Consulting LLC hopes that this information is very helpful.
1. If you have taken a Federal Perkins Loans, you might be eligible to have up to 100% of your loan cancelled for either full time teaching in low income schools or teaching certain subjects…to find out more, please check out this link: http://studentaid.ed.gov/P
2. If you have taken a Stafford Loan ( FFEL, Direct Subsidized and Unsubsidized and in certain cases, Consolidation Loans) before October 1, 1998; you can be eligible to have a portion of the loan cancelled…. http://studentaid.ed.gov/P
3. If you have a FFEL or Direct Stafford Loan and you are teaching in a teacher shortage area, you may be eligible for a deferment if you borrowed before July 1, 1993 http://studentaid.ed.gov/P
4. If you borrowed on or after July 1, 1993, you may be eligible for a forbearance…. https://www.dlssonline.com
5. If you have a Douglas Scholarship Teacher Scholarship, you may be eligible for reducing your service requirements, by teaching in a teacher shortage. More details links.....
Thursday, October 1, 2009
Teachers!!!! Eliminate or minimize your student loans now
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