Wednesday, October 25, 2006

More Information About Financial Assistance For Teachers!

Yes there are financial programs out there that actually help teachers with their mortgage payments.  There is a national program that is available to teachers who teach in the public school system BUT to be eligible to apply for the assistance you have to be teaching a certain subject.
As well as the national program, there are also financial assistance programs being provided by different states to help teachers with paying back their student loans.  For example in Florida there seems to be a shortage of qualified teachers so a financial program was developed to:
"provide financial assistance to eligible Florida teachers for the repayment of undergraduate and graduate educational loans which led to certification in a critical teacher shortage subject area. Full awards may be an amount up to $2,500 per year to repay undergraduate loans, and up to $5,000 per year to repay graduate loans received prior to becoming a certified teacher in a critical teacher shortage subject area. Graduate courses which did not result in a graduate degree in an appropriate critical teacher shortage subject area may be awarded at the undergraduate level. A total annual award may not exceed $5,000. Applicants may receive up to a maximum of $10,000 for the duration of the program."

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