Additional Financial aid is available in the form of loan forgiveness programs:
- Stafford Loan Forgiveness Program for Teachers is intended to encourage individuals to enter and remain in the teaching profession. Under this program, you may receive up to $17,500 if you teach 5 consecutive academic years in schools or educational service agencies that serve low-income families, and meet other requirements.
- Income-Based Repayment (IBR) is a new way to make your federal student loan payments more manageable. And as a teacher or public servant, you may qualify for a new type of Public Service Loan Forgiveness after 10 years of eligible payments and employment.
- National Health Service Corps Loan Repayment is loan forgiveness for primary care clinicians in exchange for working in underserved communities. Also, to learn more, please view this member story video featuring Nick Box, a current NHSC Loan Repayment program participant. Mr. Box is a Physician Assistant practicing at Clearwater Valley Hospital and Clinics in Orofino, ID.
- Mental Health Loan Assumption Program can award up to $10,000 to repay educational loans in exchange for a 12-month service obligation in a hard-to-fill/retain position within the County PMHS. Counties determine which professions are eligible for their County's hard-to-fill/retain positions. Some of the eligible professions include, but are not limited to the following: Registered/Licensed Marriage and Family Therapists, Registered/Licensed Psychologists, Licensed Professional Clinical Counselor Interns, and Licensed Professional Clinical Counselors.
- APLE Loan Forgiveness Program is available to teaching credential candidates and provides for the cancellation of up to $19,000 in outstanding educational loans in exchange for 4 consecutive years of full-time teaching in K-12 in selected California schools. Applications are normally available at www.csac.ca.gov. However, per the passage of the most recent state budget, no new applications will be accepted for the 2014-2015 academic year.