Full-time Teacher in a Shortage Area "Field of Expertise"

To be considered for this type of partial cancellation, the borrower must meet all criteria listed under General Information plus be teaching in the fields of mathematics, science, foreign languages, or bilingual education or in any other "field of experise" that is determined by a state education agency to have a shortage of qualified teachers in that state. The majority of the classes being taught must be in the borrower's field of expertise.

Eligibility and Rates

Eligible Loans Federal Perkins Student Loan
Maximum % 100% of original principal loan amount plus any interest that may have accrued during the year
Maximum Years 5 years
1st & 2nd Year % 15% of original principal loan amount plus any interest that may have accrued during the year
3rd & 4th Year % 20% of original principal loan amount plus any interest that may have accrued during the year
5th Year % 30% of original principal loan amount plus any interest that may have accrued during the year

 


Weber State UniversityOgden, Utah 84408

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