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What’s the distinction between Subsidized and Unsubsidized Loans?

What’s the distinction between Subsidized and Unsubsidized Loans?

Annually TEA submits a listing of instructor shortage areas by subject material and a listing of designated low-income schools to the U.S. Department of Education. Teachers with specific kinds of student education loans may be eligible for partial loan forgiveness, deferment, or termination advantages.

Eligibility of these advantages depends upon the kind of loan the instructor has, the date of his / her very very first loan, and perhaps the instructor acts in a designated low-income school or matter teacher shortage area that is subject.

TEA will not figure out an educator’s eligibility for instructor loan forgiveness. You will have to contact your loan owner straight about the number of loan forgiveness you’ll be qualified to receive. The mortgage owner, maybe maybe not TEA, has authority in connection with supply of the allowance.

You may want to contact your loan servicer for extra information. That loan servicer is a business that handles the billing along with other solutions on the federal student loan.

Teacher Shortage Areas

The 2019-2020 instructor shortage areas for Texas are:

  • Bilingual/English as a 2nd language – primary and Secondary Levels
  • Unique Education – Primary and Additional Amounts
  • Job and Technical Education – Additional Amounts
  • Tech Applications and Computer Science – Additional Amounts
  • Mathematics – Additional Levels

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