Funding Type
Loan Forgiveness
Deadline
07/01/2016
Website
Grade Level
3rd-5th,
6th-8th,
9th-12th,
K-2nd,
PreK
Position
Pre-Service / Student Teacher
District Type
Rural
Subject Area
English Language Arts,
Fine Arts,
Foreign Language,
Math,
Science,
Social Studies,
Technology / Media Centers
States
Alaska
TEL provides funding to cover education expenses for Alaska high school graduates nominated by rural school districts to pursue a degree in elementary or secondary education. Students are nominated annually based on high school academic performance and intent to teach in a rural* Alaska school. Benefits include...
7.30% (2.15% APR) in-school interest rate and 7.30% (7.30% APR) during repayment
Rates as low as 7.05% in repayment with borrower benefits
0.25% automatic payment reduction
May be eligible for up to 100% forgiveness if you return to Alaska and teach in a rural area*
Borrow up to $7,500 per year for up to 5 years of undergraduate study