Quality Educator Loan Assistance ProgramThe Quality Educator Loan Assistance Program provides for the direct repayment of educational loans. The total loan repayment assistance may not exceed $3,000 per year for up to four years. Qualified applicants will be ranked based on a scoring system that takes into account the impacted schools and academic areas.
Applicants must submit a completed application to the Montana Guaranteed Student Loan Program (MGSLP) no later than March 31, 2015. Late and incomplete applications will not be accepted.
The number of annual awards is limited and contingent upon legislative appropriations. Each applicant will be scored according to the endorsement area and school of the applicant. Not all qualified applicants are guaranteed loan assistance. MGSLP will notify all award recipients by July 30, 2015. A notice will not be sent to non-recipients.
Program RequirementsTo qualify for the program you must meet the following requirements:
- A full-time educator holding a valid educator license or a licensed professional providing services to students in a school district, an education cooperative, the Montana School for the Deaf and Blind, the Montana Youth Challenge Program or a state youth correctional facility.
- Teaching in an impacted school. These are defined as more rural, have a higher percentage of economically disadvantaged students, and/or have greater challenges in closing the achievement gap.
- Teaching in an academic area impacted by critical educator shortages