The Arizona Teacher Student Loan Program is a need-based forgivable loan designed to financially support and to encourage college students who are Arizona residents to enter into the teaching profession and teach in a public school in Arizona.
The maximum forgivable loan is $7,000 per academic year for up to three years excluding all grants, scholarships and other tuition benefits (ex: tribal and military). Funds can be applied toward tuition, instructional materials and mandatory fees as documented in the student’s Cost of Attendance (COA) at their institution.
Students must enter into an agreement with the Arizona Commission for Postsecondary Education (ACPE) to teach in an Arizona public school in a term equal to the number of year of loan received plus one year. Additionally, students must sign a promissory note acknowledging the conditions of the loan and promising to repay the loan plus interest if the teaching obligation is not met.