South Carolina Student Loan


Teacher Forgiveness

We are proud to offer loan forgiveness for teachers.  Teachers must meet certain criteria in order to qualify for forgiveness.

Stafford Loan Forgiveness

For borrowers who received a Federal Stafford Loan, you may be eligible for the US Department of Education’s Stafford Loan Forgiveness Program for teaching–if you received your first loan on or after October 1, 1998.  You may be eligible to have up to $5,000 of your indebtedness forgiven after teaching for five consecutive, complete school years in a low income school. Recipients teaching math or science at the secondary level or special education at any level, upon meeting specific criteria including teaching for five consecutive, complete school years in a low income school, may be eligible to forgive up to $17,500.  For additional information, visit the US Department of Education.

If you have taught for five consecutive years, you can apply for the Stafford Loan Forgiveness for Teachers.  
If you have not yet taught for five years, you may qualify for a forbearance.  If your loan balance plus five years of interest will be less than the amount of the expected forgiveness, complete this form.

SC Teachers Loan Forgiveness

Borrowers who received a SC Teachers Loan or a SC PACE Loan may be eligible to forgive portions of your loan indebtedness by teaching in certain critical geographic and subject areas in the SC public school system. This forgiveness is available only to certified teachers and not to teacher's aides or teacher assistants and only to recipients of the SC Teachers Loan. 

  • Critical Geographic Schools - If you taught in one of these schools during a particular school year, you may be eligible for forgiveness.  Critical geographic areas are designated annually by the State Board of Education. It is the recipient's responsibility to determine a school's designation prior to accepting employment. 
  • Critical Subject Areas - If you received a loan to teach one of these subjects, you may be eligible for forgiveness.
If you have a signed teaching contract and need to postpone your payments on the SC Teachers Loan, please complete the SC Teachers Loan Forgiveness/Interest Rate Reduction Request.  This form should be completed at the beginning of each school year. 
To apply for forgiveness of the SC Teachers Loan or SC PACE Loan, simply complete the SC Teachers And Governor's Teaching Scholarship Confirmation formThis form should be completed at the end of each school year. 

FAQ’s for SC Teachers Loans

  • What if your school loses its Critical Geographic Area designation?
    If your school was designated as a Critical Geographic Area when you began teaching there, you will retain eligibility for debt forgiveness if you continue teaching at that school, regardless of the school's subsequent designation.
  • What if your school is designated as a Critical Geographic Area?
    If you were teaching at the school prior to this designation, you would have been responsible for the monthly payments. You will now be eligible for debt forgiveness if you continue to teach at this school, even if the school's designation changes later. You need to contact SC Student Loan to advise us of your situation.
  • What if you decide to change jobs?
    It is your responsibility to confirm the designation of the school where you plan to teach. It is important to note that the school's designation when you begin teaching is the qualifying criteria for eligibility, not the date you sign a contract with the school. The new Critical Geographic Area list is usually published in March of each year.

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