Help with student loans now available for qualifying teachers

Help with student loans now available for qualifying teachers

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Source: Minnesota Office of Higher Education

Teachers working in designated teacher shortage areas in Minnesota may now qualify for help with their student loan payments.

The Minnesota Teacher Shortage Student Loan Repayment Program, created in 2015 by the state Legislature and signed into law by Gov. Mark Dayton, is intended to encourage teachers to teach in Minnesota in designated shortage areas by providing assistance with their student loan repayments.

“Minnesota schools are finding it increasingly difficult to attract and retain teachers both in certain geographic areas and some subject areas, such as special education, math and science,” said Commissioner Larry Pogemiller, Minnesota Office of Higher Education (OHE), which manages the program. “By helping with student loan payments, this program may encourage some teachers to consider working in one of the designated shortage areas.”

Qualifying teachers who apply by June 30, 2016, may be eligible for repayment assistance of $1,000 per year, up to a total of $5,000. OHE estimates that 194 awards will be made for the 2015-2016 award year, with as many as 1,940 annual awards made through 2019.

Visit http://www.ohe.state.mn.us/mPg.cfm?pageID=2193 for more information. 

The online application is available at https://www.ohe.state.mn.us/ssl/tslr/app.cfm

For more information, contact Sandy Connolly at 651-259-3902 or sandy.connolly@state.mn.us.

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