The Teach and Care programs for Maryland have been discontinued effective with loans first disbursed 2/1/08. Loans first disbursed before that date continue to be eligible for the Teach/Care benefits in accordance with the program's terms and conditions.
Teach for Maryland®
Terms and conditions apply. Sallie Mae reserves the right to modify, continue or discontinue borrower benefit programs at any time without notice. The Teach for Maryland benefit, equal to 10 percent of the original loan amount (less cancellations, refunds and returns) is awarded as a loan credit when the following requirements are met: (1) before entering repayment, the borrower signs up to receive Sallie Mae account information by email at www.salliemae.com/manage and maintains a valid email address; (2) the borrower makes the first 36 monthly payments by the due dates as initially scheduled; and (3) after receiving the qualifying Stafford loan and within five years after the initial repayment begin date on the qualifying Stafford loan, receives a valid Maryland teaching certificate and teaches full time for at least 36 months in one or more state-approved public or private K-12 schools located in Maryland. Certification of borrower eligibility is required.
The Teach for Maryland benefit is eligible on Stafford Loans obtained to attend a school located in Maryland and first disbursed on or after July 1, 2007 through June 30, 2008 with a Teach for Maryland participating Sallie Mae lender brand or lender partner. As of February 21, 2007, the following lender brands and lender partners are participating: AMS, Nellie Mae, Sallie Mae Education Trust, Southwest Student Services, Student Loan Finance Association, Student Loan Funding, Citizens Bank and College Board/College Credit (for loans first disbursed July 1, 2007–October 15, 2007). Loans must be owned and serviced by Sallie Mae throughout repayment.
Care for Maryland®
Terms and conditions apply. Sallie Mae reserves the right to modify, continue or discontinue borrower benefits programs at any time without notice. The Care for Maryland benefit, equal to 10 percent of the original loan amount (less cancellations, refunds and returns) is awarded as a loan credit when the following requirements are met: (1) before entering repayment, the borrower signs up to receive Sallie Mae account information by email at www.salliemae.com/manage and maintains a valid email address; (2) the borrower makes the first 36 monthly payments by the due dates as initially scheduled; and (3) after receiving the qualifying Stafford loan and within five years after the repayment begin date on your qualifying loan, be licensed in Maryland as an LPN, RN or RN Advanced Practice Nurse and work full time for at least 36 months as a Nurse or Nurse Administrator at an eligible healthcare facility or program in Maryland. Certification of borrower eligibility is required. Eligible programs and facilities include, but are not limited to, hospitals, clinics, doctors' offices, school nurse programs, public health programs, the Red Cross, hospice programs, nursing homes, or healthcare agencies providing home healthcare, that require a nursing license of LPN, RN, or an RN Advanced Practice Certification. Borrowers who earn a masters or doctoral degree in nursing will also be eligible for this benefit program if they meet all the requirements described above except as noted here: To meet the education requirement, the borrower must complete an approved master or doctoral program, and to meet the employment requirement, the borrower must work 36 months after receiving the qualifying Stafford loan in a full-time administrative or instructional capacity for an approved nursing diploma program or for a two- or four-year public or private institution of higher education in Maryland.
The Care for Maryland benefit is eligible on Stafford loans obtained to attend a school located in Maryland and first disbursed on or after July 1, 2007 and through June 30, 2008 with a Care for Maryland participating Sallie Mae lender brand or lender partner. As of February 21, 2007, the following lender brands and lender partners are participating: AMS, Nellie Mae, Sallie Mae Education Trust, Southwest Student Services, Student Loan Finance Association, Student Loan Funding, Citizens Bank, and College Board/College Credit (for loans first disbursed July 1, 2007–October 15, 2007). Loans must be owned and serviced by Sallie Mae throughout repayment.