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Loan Forgiveness

Please read through the entire page, FAQ is at the bottom
Send all requests and questions to Loanforgiveness

What Loan Forgiveness does:

  1. We process Employment Verifications for your respective Loan Forgiveness applications and forward your Grant Requests to the proper party.  While not the only type of Loan Forgiveness we process, the most common form of Loan Forgiveness that we process is Public Service Loan Forgiveness (PSLF).  The most common Grants we process are TEACH Grants and Teach for Tomorrow Grants.

  2. We provide you with instructions on what to do next once you have your Loan Forgiveness Employment Verification returned to you.

What Loan Forgiveness does not do:

  1. We are not certified to give financial advice in reference to your loans.  For such advice, we highly recommend contacting your Loan Provider or a Financial Advisor.

  2. We cannot tell you what type of Loan Forgiveness or Grant you qualify for as we would need to know personal financial details about you which we will never ask for nor accept if offered.  You will need to research what it is you qualify for or work with a Financial Advisor

  3. Once you receive your Employment Verification from us, our part in the process is done as we do not forward them to your Loan Provider.  To do so, we would require your personal ID and Password information which we will also never ask for nor accept if offered.

  4. We do NOT utilize the FAFSA Help Tool for any form of Loan Forgiveness or Grants. Additionally, we do not fill out or sign off on paperwork that has been pre-prepped by an applicant or a 3rd party company working on behalf of the applicant.

When submitting a Loan Forgiveness or Grant request, you must specify what it is you are interested in.  If it is Loan Forgiveness, what type are you looking for?  If it is Grant-related, what type of Grant is it?  We need details.

When sending in your Employment Verification Request, please include your Employee ID Number or any maiden or married names you may be listed under as well.

If sending in multiple requests, please send a separate e-mail for each of them.

*PUBLIC SERVICE LOAN FORGIVENESS (PSLF)*

For information regarding PSLF please see FAQ Document at the bottom of the page.

*TEACHER LOAN FORGIVENESS (TLF)*

The maximum forgiveness amount is either $17,500 or $5,000, depending on the subject area taught. If you have eligible loans under both the Direct Loan Program and the FFEL Program, $17,500 or $5,000 is a combined maximum forgiveness amount for both programs.

To qualify for TLF, you must: 1.) have been employed as a full-time teacher at an eligible school for five complete and consecutive academic years, 2.) At least one of those years must have been after the 1997–98 academic year and, 3.) you must have been a new borrower on or after Oct. 1, 1998.

 The FAFSA Webpage that breaks down all of this information can be found at:

https://studentaid.gov/manage-loans/forgiveness-cancellation/teacher

*TEACH GRANTS*

The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides grant funds to students enrolled in an eligible program of study at a participating school.

 TEACH Grant recipients must each full-time for at least four years in a high-need field at a low-income school or educational service agency. A Link to the Certification Form can be found here: https://studentaid.gov/teach-certification/

The Teacher Cancellation Low Income (TCLI) Directory lists low-income elementary schools, secondary schools, and educational service agencies (ESA’s) that qualify as low-income for purposes of Federal Student Aid programs.  A Link to the Directory Search can be found here:https://studentaid.gov/tcli/ .

*TEACHERS OF TOMORROW GRANTS*

These Grants are traditionally available from late-January until late-March.

While there are 4 Grant Programs, the most commonly accessed program is the Recruitment Incentive (RI) Program.  RI is a $3,400 Stipend for Shortage Area Teachers in their 1st years of BPS Service.

MUST apply in 1st year of service.  Can then re-apply in each off the 3 following years for a maximum of 4 annual awards.

 The Link to the Teachers of Tomorrow Grants Page is as follows: https://www.buffaloschools.org/o/dept-human-resources/page/teachers-of-tomorrow

Loan Forgiveness FAQ: