The State of Iowa offers loan repayment assistance to Iowa educators who are teaching in a shortage subject area, as designated by the Iowa Department of Education.
- Must be a fully licensed teacher* whose first teaching position in Iowa began no earlier than July 1, 2007.
- Must be teaching in a shortage subject area, as designated by the Iowa Department of Education. See designated shortage areas below
- Must owe a balance on an eligible federal student loan (Stafford or Consolidation). If outstanding loan balance is less than the maximum forgiveness award, the amount awarded will not exceed the applicant's outstanding principal and interest.
- Must be in good standing with all federal student loan accounts. Borrower interested in postponing replayment on federal student loans should contact their current loan holder.
* For the purposes of this program, a "teacher" is defined as an individual holding a practitioner's license, issued by the Iowa Board of Educational Examiners, who is employed in an instructional, non-administrative position by a school district or area education agency. K-12 Counselor and K-12 Principal are not considered instructional positions
- The maximum annual award is 20% of the recipient's total eligible federal student loan balance, including principal and interest
- The maximum award cannot exceed the average resident tuition rate established for students attending Iowa's Regent Universities for the first year following the recipient's graduation
- For 2012 graduates, the maximum award is $6,658
The following areas have been designated by the Iowa Department of Education as shortage areas in Iowa. Teachers who teach in these areas can qualify for Iowa Teacher Loan Forgiveness:
English as a Second Language (K-12)
Family and Consumer Sciences
Guidance Counselor (K-8 & 5-12)
Science (5-12) (all areas)
Talented & Gifted (K-12)
Teacher Librarian (K-8 & 5-12)
Instructional Strategist I Mild/Moderate
Instructional Strategist II Behavior Disorder/Learning Disabilities
Instructional Strategist II Mental Disabilities
Instructional Strategist II Physical Disabilities
Itinerant Hearing Impaired Birth to 21
Itinerant Visually Impaired Birth to 21
If funding does not permit all eligible applicants to receive an award, applicants will be prioritized as follows:
- Renewal status;
- Instructional shoartage area being served, with the highest need areas as ranked by the Iowa Department of Education being seved first (DE currently does not rank this data; this element was not used in 2011-2012 to determine who received an award);
- Geographic shortage area being served, with the highest need areas as ranked by the Iowa Department of Education being served first (DE currently does not rank this data; this element was not used in 2011-2012 to determine who recieved an award);
- Iowa residency status;
- Full-time employment status;
- Total indebtedness; and
- Date of application
Recipients must reapply annually** by completing the Loan Forgiveness portion of the Iowa Financial Aid Application. The application will be available online beginning January 1 and applications must be submitted by March 31 to guarantee consideration.
- Complete the online Iowa Financial Aid Application
- Iowa College Aid will verify an applicant's qualified teaching service by contacting their school's administrator. An administrator must certify the applicant's teaching service in order for the applicant to receive an award.