Student Loan Counseling, Credit Card Consolidation & Debt Management
The NYSUT Member Benefits Corporation-endorsed Cambridge Credit Counseling program can assist NYSUT members with better understanding their student loan re-payment options and/or debt consolidation.
Cambridge has been assisting consumers with eliminating debt for more than 20 years and features nationally-certified counselors who will work with you to determine the most appropriate course of action for your specific debt situation.
Learn more at memberbenefits.nysut.org.
Loan Forgiveness for New York Teachers
By working in low-income schools, or in high-need educational areas, teachers can often qualify for loan forgiveness programs.
To find schools that meet these requirements, search the Teacher Cancellation Low Income Directory.
- Teacher Loan Forgiveness Program. Offered through the Federal Student Aid Office, the program provides up to $17,500 in loan forgiveness for qualified educators who teach for five consecutive years in a low-income school or a qualifying educational agency.
- Perkins Loan Teacher Cancellation Program. Discharges up to 100 percent of federal Perkins loans for teachers who work in low-income schools, special education teachers, and teachers working in a field with a shortage of qualified educators.
- Teach NYC Loan Forgiveness Program. This loan forgiveness program is for newly hired New York City public school teachers in high-need disciplines, such as bilingual special education or educators working with pupils who have speech, language, or visual disabilities.