Federal Stafford Loan Forgiveness Program

• The Stafford Loan Forgiveness Program is a federal program that is designed to encourage people to enter the teaching profession. Individuals who teach for five years full-time in schools that meet qualifications such as serving low-income families might be eligible for loan forgiveness of up to $17,500 in principal and interest. After meeting the five-year teaching requirement, individuals can apply for loan forgiveness. They must not be in default on any student loans at the time of application.
  
  

Texas Guaranteed Student Loan Corporation

• The Texas Guaranteed Student Loan Corporation provides information about the Teacher Loan Forgiveness Program on its website. The program repays up to $5,000 in student loans for teachers at elementary and secondary schools. Highly qualified math, science, and secondary education teachers might be eligible for additional loan forgiveness up to $17,500. Applicants must submit an application signed by their school's chief administrative officer -- usually a principal or district superintendent. Teachers who are granted loan forgiveness will have a payment made on their behalf directly to the loan holder.
  
  

American Education Services Forgiveness Programs

• American Education Services loan forgiveness programs can help to erase debt incurred in the form of federal student loans. Teachers who wish to apply for loan forgiveness through American Educational Services must submit specific documentation that demonstrates they meet eligibility requirements. For example, supporting documentation might include college transcripts, standardized test scores or a copy of an applicant's state teaching certification. Proof of eligibility needs to be certified by a principal or superintendent.
  
  

Arkansas Department of Higher Education Teacher Opportunity Program

• This state-based program awards up to $3,000 in tuition reimbursement to Arkansas teachers for up to six college credits in an academic year. Interested teachers must have been residents of the state of Arkansas for the 12 months before applying for a grant. They must be employed as teachers or administrators at the time of application and be enrolled in college courses related to their employment. In order to receive a grant, an applicant must maintain a GPA of 2.5 or better.