I understand that there may be other student loan benefits for certain teachers. Is Public Service Loan Forgiveness always the best choice?
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 , that program may be better for you. For borrowers with high student loan debt, it may still make sense to pursue , which does not have a debt limit for forgiveness. The U.S. Department of Education offers .