Teacher shortage loan forgiveness program now accepting applications
Posted on 4/1/2016
BISMARCK, N.D. - The North Dakota University System today begins accepting applications for the 2015-16 teacher shortage loan forgiveness program. The application process closes May 16, 2016.
Applicants may be eligible if they held a full-time teaching contract in North Dakota for an entire academic year and are teaching in a teacher shortage area. The debt forgiveness program is available to teachers who teach at a public or private school in North Dakota in a grade level or content area identified as having a shortage by the Department of Public Instruction. In addition to teaching full-time, applicants must have a qualifying student loan, and be current on the payments to that loan.
"This program is a great incentive to teachers who choose to stay in North Dakota after graduation to lead our students into successful careers," NDUS Chancellor Mark Hagerott said. "It benefits our teachers and the students they teach, and we are grateful to the Legislature for providing the funding." In 2014, nearly 400 applicants were awarded loan forgiveness through this program and, in 2015, that amount increased to 426 teachers. Over the past two years, teachers received nearly $800,000 to apply to their student loan debts.
Teachers who are eligible for the program may receive up to $1,000 per year, with a maximum benefit of $3,000 over three years. How to apply: Download the Teacher Shortage Loan Forgiveness application at http://www.ndus.edu/students/paying-for-college/grants-scholarships/#TSLPF.
The program is authorized by N.D.C.C. 15-10-38 and is administered by the State Board of Higher Education through the NDUS. Awards are contingent upon continued legislative appropriations. For more information, please see program procedures at http://www.ndus.edu/makers/procedures/ndus/default.asp?PID=306&SID=57.%20.
Requests for applications also may be directed to the system's office by phone (701-328-2906); by email (NDFinAid@ndus.edu); or by regular mail (North Dakota University System, State Capitol Judicial Wing, Room 103, 600 E. Boulevard Ave., Dept. 21, Bismarck, N.D., 58505-0602).