This program is no longer being funded as of June 30, 2008. New applications are no longer being accepted.
QUALITY EARLY EDUCATION
LOAN FORGIVENESS PROGRAM
AES announced that it will self-fund a new program similar to the Early Childhood Education Loan Forgiveness Program for fiscal year 2004-2005. The new Quality Early Education Loan Forgiveness Program will forgive up to 1/6th of the borrower's qualifying loan debt with a maximum of $3,300 per year for three years ($9,900 cumulative maximum). Applicants must earn either a Bachelor's degree and Pennsylvania Early Childhood Certification or an Associates's degree in Early Childhood Education or Child Development during the 2003-2004 academic year. He or she must have an undergraduate loan that is guaranteed or serviced by AES. The applicant must be a resident of Pennsylvania and may NOT be in default on any federally guaranteed student loan. Other requirements state that the applicant cannot have a gross annual income of more than $23,000 from employment in a Pennsylvania Department of Public Welfare-approved child daycare center or group child daycare home. He or she must be employed full-time by this establishment within six months of entering into the Stafford Loan grace period and must maintain employment. For more information, borrowers should call 800-233-0557 or visit the link below:
