Iowa Student Loan Teacher Education Loan Forgiveness Program

Requirements

Recipient Requirements

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.