Wisconsin Minority Teacher Loan

Eligibility Criteria

1. A Wisconsin resident
2. A minority student
3. Enrolled in a Teacher Education Program
4. Have a junior or senior status in a Teacher Certification Program, or Bachelors Degree along with enrollment in a Teacher Certification Program
5. Have a cumulative G.P.A. of 2.5 or greater

6. Agree to teach in a Wisconsin school district with a 29% minority population or that participates in the Wisconsin inter-district pupil transfer program

Amounts & Selection Process

Awards range from $250 up to $2500 per academic year, with the total borrowed not to exceed $5000. Marquette selects eligible students and determines each student's loan amount.

Terms

For the 2009-2010 academic year, the interest rate will be a fixed rate of 5%. If the student teaches in an eligible school district, 25% of the loan may be forgiven for each year of teaching. Forgiveness may only be applied for teachers holding a bachelor's degree and licensed by the Wisconsin Department of Public Instruction. The student must send verification of employment in an eligible district to HEAB.

Application Process

File the Free Application for Federal Student Aid (FAFSA).

Renewal Process

Renewed only if students continue to meet eligibility requirements and if funds are available at the time that the application is completed.