Student Loan Forgiveness for Teachers
Posted on October 26, 2006 Comments (2)
This program from Standford is one of the many good ideas being applied currently. Alone it really is a pretty small step but as one small step of many it is a good one.
$10 million gift matched by Stanford will create a $20 million loan-forgiveness program at the university’s School of Education to encourage students to become K-12 teachers.
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Under the program, half of a STEP student’s loan will be “forgiven”-effectively cancelled-when the graduate has taught for two years. After four years, the loan balance will be forgiven. Research has shown that a teacher who pursues teaching for three years or more is likely to stay in the field.
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Under the program, half of a STEP student’s loan will be “forgiven”-effectively cancelled-when the graduate has taught for two years. After four years, the loan balance will be forgiven. Research has shown that a teacher who pursues teaching for three years or more is likely to stay in the field.
Related: Teach for America – primary education related posts
2 Responses to “Student Loan Forgiveness for Teachers”
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August 22nd, 2007 @ 8:35 pm
That’s an incredible offer for a student who’s looking to become a teacher. Will also recruit others who are not sure what to become in life. Surely this will make their decision much easier. We wouldn’t have a teacher shortage any longer for a long time.
It’s a shame this is not funded for everyone who would like to become teachers.
March 12th, 2008 @ 3:57 am
I have been lookin some program like you said in this post. But i need for more spesific. Now i have live in Singapore and theres nothing program like you said about here.
Anyway, thanks for wrote and keep share.