Student Loan Assistance

student debt

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.

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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.