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Post by bigern809 on May 1, 2018 12:18:03 GMT -6
Have any of y'all applied for this? Working on it now, since all the schools I've been at are Title 1. Just looking for some guidance. Kinda flying blind here.
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Post by jmstreeter on May 1, 2018 12:30:33 GMT -6
Basically you will have make 10 years of consecutive payments thru the loan forgiveness program before the government will do anything.
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Post by TOBC on May 1, 2018 12:39:32 GMT -6
from what i understand, math and science get $17K forgiven and everything else can get $5K.
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Post by bigern809 on May 1, 2018 12:42:20 GMT -6
Basically you will have make 10 years of consecutive payments thru the loan forgiveness program before the government will do anything. See I've heard that, then I've also heard the money will be deducted from total sum after paperwork is processed....both from teachers/coaches..
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Post by texasleaguer on May 1, 2018 12:42:41 GMT -6
I'm fairly well versed on this. What specific questions do you have? 5 consecutive years at title 1 teaching math, science, or SpEd will get you $17,500 forgiven. All other subjects are $5,000.
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Post by bigern809 on May 1, 2018 12:43:27 GMT -6
from what i understand, math and science get $17K forgiven and everything else can get $5K. Yeah, that's what I've read too, but I've gotten alllll kinds of differing stories from TEA, my lenders, and dam near everyone that has ever heard of this program..
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Post by bigern809 on May 1, 2018 12:44:25 GMT -6
I'm fairly well versed on this. What specific questions do you have? 5 consecutive years at title 1 teaching math, science, or SpEd will get you $17,500 forgiven. All other subjects are $5,000. I s it 5k forgiven/year for every Title 1 district worked at? That's what it sounded like to me...up to 17k?
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Post by texasleaguer on May 1, 2018 12:44:55 GMT -6
Who are your loans through? I have Nelnet and have actually gotten solid answers from them.
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Post by bigern809 on May 1, 2018 12:45:14 GMT -6
I've been at Title 1 schools my entire career.
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Post by bigern809 on May 1, 2018 12:45:31 GMT -6
Who are your loans through? I have Nelnet and have actually gotten solid answers from them. Great Lakes
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Post by texasleaguer on May 1, 2018 12:45:53 GMT -6
It's $3,500 per year that you teach math, science, or sped. $1,000 per year for all others. This caps at 5 years.
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Post by bigern809 on May 1, 2018 12:47:42 GMT -6
Ahhhhh ok thanks.
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Post by texasleaguer on May 1, 2018 12:48:04 GMT -6
There is a standard teacher loan forgiveness form that you will fill out for each district you worked for. Your human resources officer is the best person to send this to for a signature and dates. A principal or supt can also sign. They're very particular on filling the paper out correctly. Like, if the date format is wrong they'll send it back to you and say try again.
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Post by bigern809 on May 1, 2018 12:48:28 GMT -6
Any other fun loopholes you've used? I know there is a Public Servant one but I believe you could either use that one of this Teacher loan forgiveness.
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Post by bigern809 on May 1, 2018 12:49:02 GMT -6
There is a standard teacher loan forgiveness form that you will fill out for each district you worked for. Your human resources officer is the best person to send this to for a signature and dates. A principal or supt can also sign. They're very particular on filling the paper out correctly. Like, if the date format is wrong they'll send it back to you and say try again. That's what I've been working on today. Been faxing and receiving all the signed copies to send off.
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Post by texasleaguer on May 1, 2018 12:49:06 GMT -6
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Post by texasleaguer on May 1, 2018 12:49:39 GMT -6
Ya, just make sure it's filled out exactly exactly exactly like it says and you should be good.
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Post by bigern809 on May 1, 2018 12:50:34 GMT -6
Awesome. That's the form I used. Another dumb question.....send it to my lender?
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Post by texasleaguer on May 1, 2018 12:50:43 GMT -6
Our softball coach sent hers at the end of last school year and just last month got a letter saying it's been accepted. So don't expect it to move fast. I'm also doing mine at the end of this year, that's why I'm up to speed on the B.S.
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Post by bigern809 on May 1, 2018 12:51:43 GMT -6
Gotcha. I'm just finally getting some of my finances in order and this was priority number 1. Thanks so much!!
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