Partial Loan Forgiveness for Teachers in Designated Areas
On October 30, 2004, President George W. Bush signed the Taxpayer-Teacher Protection Act of 2004. This act authorizes up to $17,500 in loan forgiveness for new Federal Stafford Loan borrowers under the Federal Family Education Loan (FFEL) Program and Federal Direct Loan Program who meet certain criteria. The Taxpayer-Teacher Protection Act of 2004 (P.L. 108-409; 118 Stat. 2299) contains information on changes made to the Higher Education Act to provide increased Federal Direct Loan forgiveness for certain elementary and secondary school teachers.