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Educationally Speaking
April 14, 2025
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Special Edition
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*STUDENT LOAN REPAYMENT PROGRAM APPLICATIONS FOR FY25*
To ensure educators can benefit from the financial assistance made possible by the student loan repayment program, the Michigan Department of Education (MDE) is currently accepting applications for the Fiscal Year (FY) 25 Student Loan Repayment Program *through May 19, 2025.* This year, individual school staff members must apply directly for the program, using the link found on the S [ [link removed] ]tudent Loan Repayment Program webpage [ [link removed] ]. Once applications have been received from individuals and processed by MDE staff, districts will verify employment details under the updated eligibility requirements in statute (MCL 388.1627k [ [link removed] ]).
As before, all eligible program participants receive payments equal to their actual monthly student loan payments under federal Public Service Loan Forgiveness (PSLF), up to a maximum of $200 per month (or $400 per month if their employer is located in an area in Band 6 of the Opportunity Index, as described in MCL 388.1631a [ [link removed] ], at the time of application).
*Please prepare *if you intend to apply for the Student Loan Repayment Program. An incomplete, incorrect, or inaccurate application will not be processed. Here’s what is needed from you:
* Make sure you meet the updated eligibility requirements [ [link removed] ] for the Student Loan Repayment Program.
* Make sure your loans are current and actively paid under PSLF, under an income-driven loan or repayment plan, if applicable. Please note that if your loans are not considered active under PSLF *at the time of application*, your application will not be processed.
* Create screenshots or electronic scans of your current PSLF status and your loan payment history *in advance,* including the amount of your next monthly payment. You will need to upload these with your application.
* You can apply for payments back to* October 1, 2024,* but remember—your uploaded loan history documents must show all payments for all months you are eligible and applying for.
* Make sure your screenshots or electronic scans are in .jpg, .gif, or .pdf formats only; all other formats *will not be processed.*
* We encourage you to stay informed by visiting the Student Loan Repayment Program webpage [ [link removed] ] to access resources and technical assistance and the most up-to-date information.
*IMPORTANT: *The FY24 and FY25 applications are considered *separate* because of the updated eligibility requirements. You *must *apply to be able to receive the FY25 payments, regardless of your participation status last year.
Remember, all application information, including the updated eligibility requirements, timeline, and instructions are currently available on the Student Loan Repayment Program webpage [ [link removed] ].
If you have questions about your PSLF status or how your federal loans work, please contact your student loan service provider or review information on www.studentaid.gov/pslf [ [link removed] ]. For all other questions about the Student Loan Repayment Program, please contact
[email protected].
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"Copyright © 2024 Office of Educator Excellence, All rights reserved."
Michigan Department of Education - Office of Educator Excellence
608 W. Allegan Street, Lansing, MI 48933
(517) 241-5000 |
[email protected]
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