Announcements from the
Faculty Association
2019-2020 Faculty Association Master Contract
Do You Know - Student Loan Forgiveness
Do you know that if you teach in a “high impact school” and have Stafford and/or Perkins loans you may be eligible for having a portion of your student loans forgiven?
Stafford Loans:
If you have a Stafford Loan, teach five consecutive years in a “high impact school”, and have not consolidated your loans, you may be eligible for $5,000 or $17,500 forgiven.
Perkins Loans:
If you have a Perkins Loan, teach a “shortage area content” in a “high impact school”, and have not consolidated your loans, you may be eligible for a percentage of your student loan forgiven (15% for 1st and 2nd years, 20% for 3rd and 4th years, and 30% for 5th year).
PSLF Forgiveness:
You must make 120 on-time, full, scheduled monthly payments on your student loans under a qualifying repayment plan. When you make each of the 120 payments, you must be working full-time at a qualifying public service organization.
Resources:
Visit our CTA Member Benefits website for a student loan flyer and for additional information and helpful links,www.CTAMemberBenefits.org/studentloan.
Do you know that if you teach in a “high impact school” and have Stafford and/or Perkins loans you may be eligible for having a portion of your student loans forgiven?
Stafford Loans:
If you have a Stafford Loan, teach five consecutive years in a “high impact school”, and have not consolidated your loans, you may be eligible for $5,000 or $17,500 forgiven.
Perkins Loans:
If you have a Perkins Loan, teach a “shortage area content” in a “high impact school”, and have not consolidated your loans, you may be eligible for a percentage of your student loan forgiven (15% for 1st and 2nd years, 20% for 3rd and 4th years, and 30% for 5th year).
PSLF Forgiveness:
You must make 120 on-time, full, scheduled monthly payments on your student loans under a qualifying repayment plan. When you make each of the 120 payments, you must be working full-time at a qualifying public service organization.
Resources:
Visit our CTA Member Benefits website for a student loan flyer and for additional information and helpful links,www.CTAMemberBenefits.org/studentloan.
