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I understand that there may be other student loan benefits for certain teachers. Is Public Service Loan Forgiveness always the best choice?

Highly-qualified teachers in certain low-income schools may be eligible for a different loan forgiveness program that provides $5,000 in loan forgiveness after the completion of five academic years as an elementary or secondary school teacher. Highly-qualified math, science or special education teachers may be eligible for up to $17,500 in loan forgiveness after the completion of five academic years as a teacher in an eligible school.

For borrowers with low- to-moderate student loan debt who meet other program criteria, Public Service Loan Forgiveness may not be the best choice. If you have borrowed less than $17,500 and meet the additional criteria for the Teacher Loan Forgiveness Program , that program may be better for you. For borrowers with high student loan debt, it may still make sense to pursue Public Service Loan Forgiveness , which does not have a debt limit for forgiveness. The U.S. Department of Education offers more information about loan forgiveness for teachers .

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