Stafford Loan Forgiveness Programs for Teachers and Childcare Providers

The Stafford Loan Forgiveness program allows eligible borrowers to receive forgiveness of up to $5,000 of their outstanding student loan balances. It also allows for forbearance of repayment during the 5-year teaching period leading up to forgiveness.

A new program may allow a lender to forgive a portion of your undergraduate Stafford Loan if you are a child care provider working in a child care facility that serves a low-income community. This demonstration program is intended to bring more highly trained individuals into the early child care profession and to retain those providers for longer periods of time.