The Teacher Loan Forgiveness Application, identified by OMB No. 1845-0059 and approved through May 31, 2014, serves as a vital opportunity for educators who have committed themselves to teaching in elementary or secondary schools, or educational service agencies. This form is part of the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan Program, designed to aid teachers in reducing their educational loan burdens. To qualify, educators must have had no outstanding balance on Direct Loan or FFEL Program loans as of October 1, 1998, or upon obtaining a loan after this date. This application process requires detailed information from the applicant, including social security number, contact details, and comprehensive employment history related to their qualifying teaching service. Importantly, specific categories of teachers, such as those specializing in special education or secondary school subjects like mathematics or science, may be eligible for increased forgiveness amounts up to $17,500. The form warns that false statements may lead to severe penalties under U.S. law, emphasizing the importance of truthful submissions. Additionally, the loan forgiveness requested is subject to the applicant's understanding and agreement to several terms and certifications regarding their eligibility, loan forbearance during the application process, and the capitalization of interest. With instructions spread across multiple sections, this form not only gathers applicant data but also requires certification from the chief administrative officer of the employing school or agency, attesting to the applicant's fulfillment of service requirements.
| Question | Answer |
|---|---|
| Form Name | Omb No 1845 0059 Form |
| Form Length | 4 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 1 min |
| Other names | 1998, 1965, teacher loan forgiveness application, Maryland |
