You may qualify for student loan assistance

Superintendent of Public Instruction Denise Juneau has announced that applications are now available for the 2010 "Quality Educator Loan Assistance Program" for K-12 educators.

This is the third year of the Quality Educator Loan Assistance Program. Authorized by the 2007 Legislature, it provides for the direct repayment of student loans to eligible teachers in Montana. 

 

A teacher may qualify for loan repayment assistance of up to $3,000 per year for up to four years—a total of up to $12,000.

To be eligible for the Montana student loan forgiveness program, a teacher must:
   
* Have a current student loan balance and be in good standing with repayment of the loan.

* Be teaching full-time in a public school, state-funded school, special education cooperative, or in the Montana Youth Challenge Program. 

* Be teaching at an "impacted" school.  An impacted school is rural, and/or has a high percentage of disadvantaged students, and/or has greater challenges in closing the achievement gap.  A list of the impacted schools is available here: http://opi.mt.gov/PDF/Supt/Impacted_School_Score.pdf

* Have at least one staff assignment recorded in the 2009-2010 OPI Annual Data Collection in a shortage area at an impacted school. The shortage areas are Career and Technical Education, Music, Special Education, Mathematics, Speech/Language Pathologist, Science, World Languages, School Counselor, Library Media, and Art.
   
* Have an active Montana educator license with a corresponding endorsement in the shortage area or have a professional license in the shortage area.
   
* Complete an application and submit it to by April 1, 2010. Depending on the volume of applications and the availability of funds, some applicants may be turned down for student loan forgiveness.

Program Application Website and Contact Info:

 

Click here for the official Quality Education Loan Assistance web site.

 

The site contains information and application. (NOTE: The application form on this site takes a few minutes to open.)

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