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Teach For Texas Loan Repayment Assistance Program Fact Sheet

The purpose of the program is to recruit and retain certified classroom teachers in fields and communities having a shortage of teachers in Texas.

ELIGIBILITY REQUIREMENTS

	Submit a completed application to the Texas Higher Education Coordinating Board (THECB) during the annual application period between April 1 and June 15 for teaching service during the current academic year being completed (fax copies are not accepted) and;
	Be currently teaching full-time at the preschool, primary, or secondary level in a Texas public school, and;
	Be certified in and teach full-time in a field identified by the Texas Education Agency (TEA) as experiencing a shortage of teachers during the academic year for which the application is submitted,
	OR
	Be certified and teach full-time at a campus identified by TEA as having a shortage of teachers during the academic year for which the application is submitted

Applications for the 2007-2008 academic year are now available.

ANNUAL REPAYMENT AMOUNTS

The maximum annual repayment amount is $5,000, and the aggregate maximum is $20,000. Participation in the program is limited to 5 years. Annual loan repayments are disbursed after verification of eligible teaching for a complete academic year, and are made co-payable to the participant and the holder of the loan. Repayments under this program are considered taxable income by the Internal Revenue Service and will be reported as such by THECB. Loan repayments through the program will depend upon the availability of funds.

ELIGIBLE LOANS

	Must be evidenced by a promissory note which explicitly required the loan proceeds to be used to pay the costs incurred by attending a public or private institution of higher education;
	Must have an outstanding balance that is currently not being repaid through another loan repayment program, and;
	Must not be in default status

SHORTAGE AREAS

Designated Shortage Campuses:

Note: The federal Title I designation is not used to determine campus eligibility for this program. Shortage campus status will be determined upon receipt of application.

Designated Shortage Fields :

Mathematics, Science, Special Education, Languages other than English, Bilingual/English as a Second Language, and Technology Applications (Technology {Computer} Applications, Computer Science I, Computer Science II, Desktop Publishing, Digital Graphics, Multimedia, Video Technology, Web Mastering and Independent Study in Technology Applications).

For more information, please contact us or call THECB Loan Services at 1-800-242-3062 (outside Austin), or at 512-427-6340 (Austin area).