The APLE Program (Assumption of Loans for Educators)
How does a single women completing a teaching credentials program survive when she must take a leave of absence in order to complete student teaching?
If she doen't have rich parents or a lot of equity in real property that she can borrow against, the student loan is the next best option.
Back in 2005-2006, I submitted an application to the California Student Aid Commission to be eligible for the APLE grant.
According to the FAQ page about this program, the loan assumption incentive is available to credentialed teachers in subject areas "where a critical teacher shortage" has been identified.
Special Education is one of those subject areas, along with math, science, and foreign language.
Let's fast-forward to today - May 17, 2010. After reading many discouraging stories on a number of blogs from many less fortunate borrowers, I was ecstatic to discover an email that informed me a payment of $3,000.00 had been credited to one of my three exisitng student loans ! And, that was for my first year of teaching that ended in June of 2009! I now have another year's credit for the school year that is about to end - and prayerfully - will reap the benefit next year! ( Unless the governator of CA decides to axe APLE grants for the state of CA.)
There are added incentives for teaching in schools that are identified as Title I Schools ( free lunch programs ) and this loan assumption program will pay up to $19,000.00 back !
If you are a newly credentialed teacher ( or soon to be one) you need to check into this program!!