Iowa Teacher Shortage Forgivable Loan Program

Funding Type

Loan Forgiveness

Deadline

03/31/2016

Website

Grade Level

3rd-5th,
6th-8th,
9th-12th,
K-2nd,
PreK

Position

Classroom Teacher,
Pre-Service / Student Teacher

District Type

Rural,
Suburban,
Urban

Subject Area

English Language Arts,
Fine Arts,
Foreign Language,
Math,
Science,
Social Studies,
Technology / Media Centers

States

Iowa

Iowa students who currently teach and are continuing their academic studies in designated shortage areas are eligible for forgivable loans provided they agree to teach in a shortage area upon graduation. The maximum annual award is 20% of the teacher’s total federal Stafford loan balance, including principal and interest, not to exceed the average resident tuition rate established for students attending universities governed by the Iowa Board of Regents for the first year following the recipient’s graduation. For 2009 graduates, the maximum award is $6,704. Recipients must agree to teach in Iowa for at least five years in the shortage area for which the loan was received.

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