The Teach and Care programs for Virginia 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 Virginia®
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 Virginia benefit, equal to 10 percent of the original loan amount (less cancelations, 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 Virginia 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 Virginia.
Certification (PDF, 103KB) of borrower eligibility is required. The Teach for Virginia benefit is eligible on Stafford loans obtained to attend a school located in Virginia and first disbursed on or after July 1, 2006 through June 30, 2007 with a Teach for Virginia participating Sallie Mae lender brand or lender partner. As of June 13, 2006, the following lender brands and lender partners are participating: Nellie Mae, Sallie Mae Education Trust, Southwest Student Services, Student Loan Funding, Student Loan Finance Association, AMS, College Board, Suntrust Bank, Bank of America and Citizens Bank. Loans must be owned and serviced by Sallie Mae throughout repayment.
Care for Virginia®
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 Virginia benefit, equal to 10 percent of the original loan amount (less cancelations, 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 Virginia 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 Virginia.
Certification (PDF, 103KB 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 Virginia.
The Teach for Virginia benefit is eligible on Stafford loans obtained to attend a school located in Virginia and first disbursed on or after July 1, 2006 and through June 30, 2007 with a Care for Virginia participating Sallie Mae lender brand or lender partner. As of June 13, 2006, the following lender brands and lender partners are participating: Nellie Mae, Sallie Mae Education Trust, Southwest Student Services, Student Loan Funding, Student Loan Finance Association, AMS, College Board, Suntrust Bank, Bank of America and Citizens Bank. Loans must be owned and serviced by Sallie Mae throughout repayment.