Teacher and Counselor Loan Payment Holiday
How about a holiday from making payments on your education loan?
The annual Loan Payment Holiday allowable per person is the
amount of your December loan payment or $375.00, whichever is less.
Since a payment is made for you that month, you'll have extra cash
available just in time for holiday extras. Ten December payments will be
covered for you as long as you are eligible and the program is offered.
CFI expects the Loan Payment Holiday program to continue as long
as the State is experiencing a teacher shortage and the program remains
permissible under applicable federal law. However, determination of the
availability of this program is generally made on an annual basis, and
consequently, the program is subject to change or termination without
prior notice.
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