One of NASP's ongoing priorities continues to be loan forgiveness for school psychologists. NASP prioritizes loan forgiveness in an attempt to reduce shortages of special education and related service personnel in schools. Some of the current federal loan forgiveness options that school psychologists could use if they meet various requirements include the following:
Public Service Loan Forgiveness Program (PSLF)
The College Cost Reduction and Access Act of 2007, signed by George W. Bush, created the Public Service Loan Forgiveness Program, which offers loan forgiveness for eligible federal loans after 10 years worth of on-time payments are made while serving in certain public service jobs.
Patient Protection and Affordable Care Act, Title V: Health Care Workforce
The Patient Protection and Affordable Care Act, Title V defines school psychologists under the category of "mental health professionals" who are eligible for loan forgiveness. This document includes the highlighted sections that reference school psychology.
Higher Education Opportunity Act of 2008
The Higher Education Opportunity Act of 2008 originally offered loan forgiveness to teachers and child care providers in low-income areas, a new version of the act has extended loan forgiveness to a variety of school personnel, including mental health professionals. This document highlights the definition of mental health professionals.
Check out this CQ article, which answers some FAQ's relating to loan forgiveness options for school psychologists.
Other Scholarship, Research Awards and Loan Forgiveness Information
Learn more about the scholarships and research awards NASP offers.
Graduate Student Fact Sheet: Student Loans for New Students
Learn more about student loans that you can take out to cover the cost of attendance for your graduate program.
Graduate Student Fact Sheet: Considerations When Choosing a Graduate Program in School Psychology
Learn more about financial and other consideration when selecting a graduate program.