Direct Loan Servicing - Home Page. Student Aid on the Web. There are two types of loan forgiveness programs for teachers: Teacher Loan Forgiveness for Direct Subsidized Loans, Direct Unsubsidized Loans, Subsidized Federal Stafford Loans, and Unsubsidized Federal Stafford LoansTeacher Cancellation for Federal Perkins Loans Teacher Loan Forgiveness The Teacher Loan Forgiveness Program is intended to encourage individuals to enter and continue in the teaching profession. Under this program, if you teach full-time for five complete and consecutive academic years in certain elementary and secondary schools and educational service agencies that serve low-income families, and meet other qualifications, you may be eligible for forgiveness of up to a combined total of $17,500 on your Direct Subsidized and Unsubsidized Loans and your Subsidized and Unsubsidized Federal Stafford Loans.
If you have PLUS loans only, you are not eligible for this type of forgiveness. What are the eligibility requirements? What are the eligibility requirements? Top.
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