Art Institute Student Loan Forgiveness grants are intended
Art Institute Student Loan Forgiveness grants are intended to assist recruit and retain new teachers in Iowa. The program is hospitable all recent graduates, no matter your current state of residence or where you visited college.
In order to be eligible for the grant program, you want to be contracted to start your first teaching job after Jan. 1, 2011, and you want to teach in an Iowa classroom. you’ll not have taught in the other state before teaching in Iowa.
State Hopes aid Will Attract More Teachers
The Iowa grant program has been established in response to a growing need among Iowa school districts for qualified teachers.
A 2009 survey conducted by the Iowa Department of Education reported that the state had nearly twice as many math teachers who were able to retire because it had incoming math teachers. an equivalent survey also showed that the ratio of retiring teachers to new teachers in other academic shortage areas, like physics, was similarly lopsided.
One goal of the grant program is to convince Iowa education students to stay within the state and pursue teaching opportunities locally. By helping with newly minted teachers’ first-year expenses, Iowa Student Loan hopes to bolster the amount of highly qualified teachers that remain within the state after graduation.
Type of Art Institute Loan ForgivenessThere is a glimmer of hope for students whose present and future financial conditions were affected by the recent closure of the Art Institute colleges. A large portion of students are getting loans forgiven under the Art Institute loan forgiveness programs. Students caught in the unfortunate incident of Educational Management Corporation’s demise can apply for loan forgiveness in two ways:
- The Closed School Student Loan Program
- The Borrower’s Defense against Repayment Program
Closed School Student Loan Discharge
The first student loan forgiveness program (The Closed program) is operational under the federal government’s long-standing intervention in the case of students from colleges that were closed down due to one reason or the other. Therefore, if your college closed down before you get the chance to finish your education, you may be eligible for this discharge program. Under this program, you must have left the school no more than 120 days before its closure, or you were still a student at the art institute before its close down.These are the two general eligibility criteria for students under this program. Former students can obtain the art institute loan forgiveness under these provisions.
Who Is Eligible?
There is a lot of information online about the Closed Program. Students can, at times feel overwhelmed with an avalanche of information. Hence, we have simplified the information so you know what to look out for and determine if you can benefit from the art institute loan forgiveness program. To make the best of this information, please take your time to review it before carefully applying for the program.As explained earlier, students get loans that they took during your study at The Art Institute written off if you meet two essential criteria.
- If you happen to be a student at The Art Institute before its closure.
- If you completed or left the school less than 120 days before the day it closed.
Apart from these two, there are two other minor requirements that you need to meet before you apply for an art institute loan forgiveness program. These are :
- Students currently enrolled in another institution after the transfer of their credit do not qualify
- Students who have completed their coursework prior to the closure of the school but are this Discharge program.