Hi I would like to know if it is possible to recieve both the $5000 teacher loan forgiveness and then qualify for the public service loan forgiveness after the 120 qualifying payments. Even after speaking with my lender multiple times, this is still very confusing to me. Thank you for your help.

Your answer is question 63 in the PSLF Q & A worksheet available to download from the dept of ed website:
Q63 I am a teacher and I plan to apply for federal Teacher Loan Forgiveness after completing five
years of qualifying teaching service. Will I also be able to qualify for PSLF?
A63 Yes. However, you may not receive a benefit under both the Teacher Loan Forgiveness Program and
the Public Service Loan Forgiveness Program for the same period of teaching service. For example, if
you make payments on your loans during your five years of qualifying employment for Teacher Loan
Forgiveness and then receive loan forgiveness for that service, the payments you made during that
five-year period will not count toward the 120 payments required for PSLF.