24 Pa. Stat. § 5194

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 5194 - Urban and Rural Teacher Loan Forgiveness Program

Qualified applicants who are selected for the Urban and Rural Teacher Loan Forgiveness Program in accordance with this act shall be eligible for payment by the agency of a portion of the debt incurred by the applicant through the agency-administered Guaranteed Student Loan Programs for the education necessary to be certified to teach in Pennsylvania. For each academic year that the applicant is a full-time teacher in an approved Commonwealth urban or rural public school district, the agency may forgive a proportional part of the applicant's loan so that the loan may be entirely forgiven over four years of full-time teaching. No more than $2,500 shall be forgiven in any year, and no more than $10,000 shall be forgiven for any applicant. Payments shall be made in accordance with the procedures established by the agency.

24 P.S. § 5194

1988, Dec. 6, P.L. 1259, No. 155, § 4, effective 7/1/1988.