Educator of Color Loan Forgiveness Program

  • Forgives up to $25,000 of your college loans after 3 complete and consecutive years of teaching in the district.

     

    Program Highlights:

    • PPSD is offering loan forgiveness for educators of color through a grant from the Rhode Island Foundation.
    • Funding will offer individuals a student loan-repayment incentive totaling up to $25,000 over three years of employment in PPSD.
    • Payments will be made directly to your student loan providers through the Rhode Island Student Loan Authority (RISLA) at the conclusion of each year.
    • In order to receive the full $25,000, you must work the three years consecutively in the district.
    • You will be required to pay taxes as it is considered a gift. 

     

    What are the eligibility requirements?

    • You must be a newly hired full-time (non-substitute) teacher or be currently employed as a full-time (non-substitute) teacher
    • Identify as Asian, Black, Indigenous, Latino, biracial, or multi-racial
    • Have a minimum of $5,000 in student loans

     

    How to apply:

     

    Application process and next steps:

    • After your application is submitted and reviewed, you will receive an acceptance/denial letter
    • If accepted, you will be asked to complete the Rhode Island Student Loan Authority form to share your student loan information.
    • Work a minimum of 135 days in the school year to maintain eligibility.
    • Pay taxes to the IRS on your gift.