Teacher Education Loan (TEL) Program

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

 

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