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Welcome Virginia's future teachers

Teach for Virginia®Student Loan Program
   

What are Teach for Virginia Loans?

Teach for Virginia Student Loans are low-cost, low-interest Stafford Loans available to students who commit to a career in teaching in Virginia.

New for Academic Year 2006-2007, students can benefit from zero origination fees and a 10% loan credit. This is in addition to other money-saving benefits your Care for Virginia lender may offer.*

Qualified students are:

  • Enrolled at least half-time in a Virginia school; and
  • Take out a Stafford Loan with a participating Sallie Mae lender brand or lender partner.

*Terms and conditions apply for AY 06-07 Programs.

Terms and conditions apply for AY 05-06 programs.

 

Applying for a Teach for Virginia Student Loan

Your school will determine your financial aid package, including the amount of subsidized and unsubsidized Stafford loans you can receive. This will be based on the information you submitted on the Free Application for Federal Student Aid (FAFSA). If you have not already submitted a FAFSA, you can complete one online at www.fafsa.ed.gov.

To apply for a Teach for Virginia Stafford Loan, contact your school's financial aid office; let them know you would like to use one of the following lenders:

  • Nellie Mae (lender code: 829076)
  • Sallie Mae Education Trust (lender code: 802218)
  • AMS (lender code: 833067)
  • Southwest Student Services (lender codes: 830630, 831245)
  • Student Loan Funding (lender codes: 831455, 833081, 833214 and 833361)
  • Student Loan Finance Association (lender code: 833789)
  • Citizens Bank (lender code: 833881)
  • Suntrust Bank (lender code: 820564 or 819873)
  • Bank of America (lender code: 806746)

Fill out the FAFSA today!
   

Annual Stafford Loan limits

 

Dependent student annual Stafford Loan limit (combined subsidized and unsubsidized)

Independent student annual subsidized Stafford Loan limit

Independent student annual Stafford Loan limit (combined subsidized and unsubsidized)

Freshman $2,625 $2,625 $6,625
Sophomore $3,500 $3,500 $7,500
Junior / Senior $5,500 $5,500 $10,500
Graduate / Professional N/A $8,500 $18,500
Freshman and Sophomores may qualify, at the discretion of the financial aid office, for up to $4,000 in unsubsidized loans and for Juniors and Seniors up to $5,000.