« And in Other News... | Main | NEA on the Attack Against TFA »

Teacher Loan-Forgiveness Programs Curbed by Recession

So reports The New York Times in this article.

The cuts apparently mean that young professionals who took out loans expecting them to be forgiven as they completed their first four or five years of teaching are basically stuck with them. The article also suggests that the Obama administration's move to end lender subsidies and to originate most student loans in-house could effectively shut down these types of teacher-loan programs.

As I read this story, I couldn't help but wonder about the federal TEACH grants, which I wrote about here. Although called "grants," some experts say they really ought to be called "loans," since these grants convert to a federal loan if a recipient doesn't fulfill the criteria, which include teaching in a "shortage" subject for four years in a high-need school. What is going to happen to TEACH grant recipients if states begin to eliminate positions in high-need fields? What if they can't secure a job?

Is your loan-forgiveness program being scaled back? Let us know.

You must be logged in to leave a comment. Login | Register
Ground Rules for Posting
We encourage lively debate, but please be respectful of others. Profanity and personal attacks are prohibited. By commenting, you are agreeing to abide by our user agreement.
All comments are public.

Follow This Blog

Advertisement

Most Viewed on Education Week

Categories

Archives

Recent Comments

  • lauren: cell phones are what kids crave on they need a read more
  • enjoyjd: One of the most frustrating things for me, when my read more
  • marty: I was once a superb teacher. Students loved me, parents read more
  • J. S. Gephardt: I totally agree that teachers should be evaluated on a read more
  • Lisa: Senority... most parents want their children in a seasoned teachers read more