Assumption Program of Loans for Education (APLE) for Credentialed Teachers

"Assumption Program of Loans for Education (APLE) for Credentialed Teachers" submitted by SchoolGrantsfor Editorial Team and last updated on Monday 9th January 2012

The Assumption Program of Loans for Education (APLE) is a teacher incentive program designed to encourage students to become California teachers in a range of critical teacher shortage areas and in several types of high need schools. Administered by the California Student Aid Commission, the program assumes up to $19,000 in outstanding educational loan balances in return for four consecutive years of qualifying teaching service. The Graduate APLE is designed to encourage individuals to complete their graduate education and serve as faculty at accredited colleges or universities in California.

Participants must intend to teach in 1 of 11 designated shortage areas as identified annually by the state, such as low-income schools, state special schools, and/or schools where there is a high percentage of teachers holding emergency permits. Annual payments are made to the lending agency over a four-year period. Applications are available on the California Student Aid Commission website at www.csac.ca.gov under Students and Parents Financial Aid Programs.

Through APLE, a participant who teaches a total of four years can receive up to $11,000 toward outstanding student loans. APLE participants who provide the designated teaching service in the areas of math, science, or education specialist instruction in a school ranked in the lowest 60 percentile of the API may be eligible to receive an additional $1,000 per year in loan assumption benefits. Participants meeting this requirement who provide teaching service in a California public school that is ranked in the lowest 20 percentile of the API may be eligible to receive an additional $1,000 per year for a possible total loan assumption benefit of up to $19,000.

Assumption College will be participating in the William D. Ford Direct Loan Program starting with the 2010-2011 academic year for all Federal Stafford Subsidized and Unsubsidized loans. Due to recently passed federal legislation, the College will no longer participate in the Federal Family Education Loan Program (FFELP).

With this new program students will no longer select a specific lender as part of the federal loan application process; the lender for the William D. Ford Direct Loan Program is the U.S. Department of Education (DOE).

However, the applicant shall have been judged by his or her postsecondary institution to have outstanding ability on the basis of criteria that may include, but need not be limited to, any of the following: GPA, test scores, faculty evaluations, interviews, and other recommendations.

Targeted Fields: Any field of interest, but the Graduate APLE is designed to encourage individuals to complete their graduate education and serve as faculty at an accredited California college or university.

Eligibility

All applicants must meet the following eligibility criteria:

Check: Federal programs for teachers

State Nursing Assumption Program of Loans for Education (SNAPLE)

The State Nursing Assumption Program of Loans for Education (SNAPLE) is intended to encourage students to complete a baccalaureate or graduate degree and teach in a nursing program at a regionally accredited college or university in California. It will pay up to a total of $25,000 over the course of 3 academic years on a full-time basis, or on a part-time basis for the equivalent of three full-time academic years, on outstanding student’s loans for nursing faculty. A person must be a student enrolled in or admitted to a program, in which they will be enrolled at least half-time each academic term, making satisfactory academic progress, and be nominated for participation in the program by their institution.

SNAPLE program under which any person who is enrolled in an eligible institution, and who agrees to work full time as a registered nurse in a state-operated 24-hour facility, including a prison, psychiatric hospital, or veterans home, that employs registered nurses, is eligible to receive a conditional loan assumption agreement, to be redeemed upon becoming employed as a clinical registered nurse in an eligible facility. SNAPLE NSF List of Eligible State Facilities: Click here

State Mental Health Loan Assumption Program (MHLAP)

MHLAP is funded by the Mental Health Services Act (MHSA), also known as Proposition 63, approved by California voters in November 2004. It provides funding to expand and strengthen the Public Mental Health System. To be eligible to participate in the MHLAP program, mental health providers must work in hard-to-fill and hard-to-retain positions within the Public Mental Health System. The MHLAP shall assume educational loan liability of up to $10,000 after the participant has completed twelve (12) consecutive months of employment in a hard to fill or retain position in the Public Mental Health System, unless granted an exemption from this requirement due to pregnancy, serious illness or other cause deemed appropriate by the County and the Foundation.

National Guard Assumption Program of Loans for Education (NGAPLE)

National Guard Assumption Program of Loans for Education (NGAPLE) — This program is intended to provide an incentive for persons to enlist or reenlist in the National Guard, the State Military Reserve, or the Naval Militia, within the meaning of Section 66025.6 of the Education Code, who seek or have completed degrees at institutions of higher education within this state, or who are enrolled in or have completed a program of instruction in a vocational diploma program. It will pay up to a total of $11,000.00 on outstanding student loans for four consecutive years of service. The Commission is authorized to select up to 100 awardees for 2006-07. Mental Health Loan Assumption Program Application: Click here

Applicants may obtain an application and the Loan Assumption Agreement (LAA) on the CSAC website at http://www.csac.ca.gov/doc.asp?id=111 . Both completed documents must be submitted to the designated APLE Coordinator at the school they are attending. Participating schools must submit selected applications and LAA’s to CSAC.

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