Iowa Student Loan Teacher Education Loan Forgiveness Program
Recipients of the Iowa Student Loan Teacher Education Loan Forgiveness Program must:
- Be already approved for the Iowa Student Loan Teacher Education Loan Forgiveness Program. New applications are not being accepted for the program.
- Stay in Iowa to teach in a subject shortage area as designated by the Iowa Department of Education.
- Have one or more outstanding student loans in the following categories:
|Loans Owned or Serviced by Iowa Student Loan
||Other Qualifying Federal Loans
|Federal Family Education Loan Program (FFELP) subsidized or unsubsidized Stafford Loans
||FFELP subsidized or unsubsidized Stafford Loans owned or serviced by an entity other than Iowa Student Loan (U.S. Department of Education servicers)
|Federal Consolidation Loans, including loans in the William D. Ford Federal Direct Loan Program (Direct Loan), consolidated with Iowa Student Loan
||Direct Loan subsidized or unsubsidized Stafford Loans (including Direct Consolidation Loans) owned and serviced by Direct Loan
|Private student loans
||Other types of federal student loans eligible for a Federal Consolidation Loan
|If you are unsure whether your loan qualifies for forgiveness benefits, please call Iowa Student Loan at (800) 243-7552, ext. 7656.
- Complete and submit all required forms and supporting documents. See Program Forms.
Note: Forgiveness amounts cannot exceed the outstanding principal balance (and accrued interest, if applicable) of qualifying loans.