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