Teacher Shortage Loan Forgiveness Program Annual Report

Teacher Shortage Loan Forgiveness Program: 2018 Annual Report

February 1, 2019

Authors

Megan FitzGibbon

State Financial Aid Manager Tel: 651-355-0606 megan.fitzgibbon@state.mn.us

Joanna Moua

Financial Aid Administrator Tel: 651-355-0613 joanna.moua@state.mn.us

About the Minnesota Office of Higher Education

The Minnesota Office of Higher Education is a cabinetlevel state agency providing students with financial aid programs and information to help them gain access to postsecondary education. The agency also serves as the state's clearinghouse for data, research and analysis on postsecondary enrollment, financial aid, finance and trends.

The Minnesota State Grant Program is the largest financial aid program administered by the Office of Higher Education, awarding more than $198 million in need-based grants to Minnesota residents attending accredited institutions in Minnesota. The agency oversees tuition reciprocity programs, a student loan program, Minnesota's 529 College Savings Plan, licensing and early college awareness programs for youth.

Minnesota Office of Higher Education

1450 Energy Park Drive, Suite 350

Saint Paul, MN 55108-5227 Tel: 651.642.0567 or 800.657.3866 TTY Relay: 800.627.3529 Fax: 651.642.0675 Email: info.ohe@state.mn.us

Contents

Introduction ............................................................................................................................................................6 Financial Overview..................................................................................................................................................7

Table 1. Teacher Shortage Loan Repayment Program Financial Summary .......................................................7 Shortage Areas........................................................................................................................................................8 Application and Award Process ........................................................................................................................... 13

Applicants ........................................................................................................................................................ 13 Applications ..................................................................................................................................................... 13 Table 2. Teacher Shortage Loan Repayment Program 2017 Applications ...................................................... 14 Table 3. Teacher Shortage Loan Repayment Program 2018 Applications ...................................................... 14 Table 4. Teacher Shortage Loan Repayment Program 2018 applications by Race/Ethnitcity ........................ 15 Table 5. Teacher Shortage Loan Repayment Program Age of Applicants Selected for Review ...................... 15 Awards ............................................................................................................................................................. 16 Table 6. Teacher Shortage Loan Repayment Program 2017 Awards .............................................................. 16 Recipients............................................................................................................................................................. 17 Figure 1. Teacher Shortage Loan Repayment 2017 Award Recipient by License Fields ................................. 17 Figure 2. Teacher Shortage Loan Repayment 2017 Award by Recipient Districts .......................................... 18 Figure 3. Teacher Shortage Loan Repayment 2017 Award Recipient by Economic Development Regions ... 18 Future Consideration ........................................................................................................................................... 19 Appendix A: 2017 School Districts with Less Than 10 Award Recipients ............................................................ 20

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