Teachers
$0
Fees
0%
Interest
You can use a Teachers loan for things like:
- Continuing Education or Credentialing
- Credit Card Reconciliation
- Professional Development like Conferences
- Student Loan Debt Refinancing for the Teacher
| Number of Guarantors | Maximum Loan Amount |
|---|---|
| 0 | $5,000 (credit score 600 or less) |
| 0 | $7,500 (credit score 680 or more) |
| 1 | $7,500 (credit score between 600-680 and guarantor has 680 or more) |
| 2 | $20,000 |
All borrowers will have a hard credit check. | |
Applicants must be full-time, employed teachers, having taught for at least one year.
Eligibility
- Applicants must be at least 18 years of age and have a current CA issued ID and Social Security number.
- Applicants must have a CA issued ID or driver's license showing permanent residency in Los Angeles, Ventura or Santa Barbara County
- Applicants must demonstrate a need
- Documentation provided must have a consistent mailing address
- Applicants must show ability to repay the loan. Loans are paid back within 36 months and payments begin 30-45 days after receiving funding. (A few of our loan funds have shorter or longer repayment rates, please check the loan description for more information.)
- Guarantor requirements are listed in the table above
- Applicants cannot be a current Borrower or Guarantor on a JFLA loan
- Please note, married couples are considered as one applicant or one guarantor
JFLA supports K - 12 grade teachers in our community and is thrilled to offer zero-interest, zero-fee loans from the Horvitz Teachers' Loan Fund for a wide range of uses, including costs associated with credit card reconciliation, continuing education and credentialing, professional development like conferences, classrooms supplies and learning materials, and even with most personal and emergency expenses like car repairs, rent, or moving expenses.
This loan program, available exclusively to teachers, is the only one that doesn't require guarantors thanks to the generosity of donors.
- Loans of up to $20,000 are available for people who meet our standard eligibility requirements and have two qualified guarantors. A guarantor is someone who can guarantee to pay back the loan if you do not. A guarantor is at least 25 years old and has strong credit.
- Loans of up to $7,500 are available for people without a guarantor, but who have a credit score of 680 or more. All other eligibility requirements must be met.
- Loans of up to $7,500 are available for people with a credit score between 600-680 and 1 qualified guarantor (credit score is 680 or more). All other eligibility requirements must be met.
- Loans of up to $5,000 are available for people without a guarantor, but who have a credit score below 600.
Final loan amounts are at the discretion of the JFLA loan committee.