Loan Forgiveness & Grants

Loan forgiveness programs are great options to help repay the cost of higher education after graduation; they provide students the opportunity to forgive the remaining balance on loans taken out during undergraduate or graduate studies. Grants provide funds to students during their studies, but the money received will be converted to a loan upon graduation.

It is important to understand each forgiveness or grant program has specific requirements to meet and should be explored in depth to see which may be a fit for your needs.

Federal TEACH Grant Program

Through the College Cost Reduction and Access Act of 2007, Congress created the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program that provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. 

Explore the TEACH Grant

South Carolina Teacher Loans

Loans and forgiveness programs that empower the next generation of teachers in South Carolina.
  • SC Teacher Loan and Career Changers

    Teacher Loans for South Carolina residents who are interested in the teaching profession and Career Changers Loan for South Carolina residents interested in changing careers to become a teacher.

     

    Eligibility & Requirements
  • SC Teacher Loan Forgiveness

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

    Eligibility & Requirments