UPDATE: McDaniel College will now be closed today, Thursday, Nov. 15. All classes and events have been canceled. These events include “Books Sandwiched In,” Africa’s Legacy Global Dinner, and tonight’s performance of “Spring Awakening.” The RED Snow Removal Plan is in effect. More info »

Forgiveness Programs

From the State of Maryland

Janet L. Hoffman Loan Assistance Repayment Program

Who may apply: Maryland residents who provide public service in Maryland state or local government or non-profit agencies in Maryland to low income or underserved residents.

Applications are available in June and due September 30.

  • Must have earned degree in MD or a resident teacher certificate from MSDE
  • Must be employed full time
  • Annual Salary must not exceed $60,000 if single or $130,000 if married (different for nurse faculty)
  • Cannot fulfill other service requirements at same time

Total Debt

Overall Award Limit

Yearly Payment

$75,001 - Over

$30,000

$10,000

$40,001 - $75,000

$18,000

$6,000

$15,001 - $40,000

$9,000

$3,000

$15,000 - Below

$4,500*

$1,500*

More information about state forgiveness programs.

From the Federal Government

Federal Teacher Loan Forgiveness Program

  • Cannot have outstanding balance on loans as of October 1, 1998
  • Have been employed for at least 5 consecutive years as a full-time teacher designated as low income (check website above to find out about your school)
  • Cannot be in default
  • Cannot have received a benefit for the same teaching service through AmeriCorps
  • Have to have received the loan (s) before the end of your fifth year of teaching
  • $5000 per year
  • $17,500 for certain specialties (Math or science in secondary school OR Special education teacher who taught in areas related to your training)

10 years Public Service Forgiveness

  • Must consolidate with Direct Loans
  • Must do income contingent or income based repayment plan (standard repayment has no benefit)
  • After 120 payments are made, the remaining principle and interest are forgiven
  • Borrower must be employed full time in a public service job:
    • Military service
    • Public safety
    • Law enforcement
    • Public health
    • Public education
    • Social work
    • Public services for people with disabilities
    • Public interest legal services
    • Public librarians
    • Employees of tax exempt organizations
  • Includes any loans that were consolidated into Direct Loans (Stafford, Grad PLUS and Perkins)
  • Targeted for those with high debt and low income o Forgiven amount is not taxable

More information about loan forgiveness programs from the federal government.