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You may qualify for student loan assistance

Montana’s Quality Educator Loan Assistance Program

Our union, MEA-MFT, knows that many Montana teachers and licensed professionals—our members—graduate with heavy student loan debts.
 
Plus, many areas of Montana have trouble finding and keeping qualified educators.

That’s why MEA-MFT worked hard to get a loan assistance program passed in the Montana Legislature: to help our members and the Montana children and communities who need them.
 

Here’s how it works:
With support from MEA-MFT, the Montana Legislature authorized a Quality Educator Loan Assistance Program for K-12 educators and licensed professionals. 

The 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.

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.

Program Requirements

To 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.

 

To apply for loan assistance through Montana’s Educator Loan Assistance Program:
Visit this web site - http://www.mgslp.org/repayment-options/discharge-and-forgiveness/quality-educator-loan-assistance-program
 

Got questions?
If you have questions regarding the program and application process, contact the Montana Guaranteed Student Loan Program at 800.537.7508. Or contact MEA-MFT Public Policy Director Marco Ferro at 800.398.0826, 406.442.4250, or mferro@mea-mft.org.
 

Federal loan forgiveness & assistance for educators
In addition to Montana’s Quality Educator Loan Assistance Program, there are federal teacher loan forgiveness programs. Learn more here.

Degrees not Debt
NEA, one of MEA-MFT's two national affiliates, has launched a new campaign called Degrees Not Debt to address the staggering debt that too many college students bear. Learn more about the campaign and how you can get involved.