Friday, July 8, 2016

The Problem with the Loan Forgiveness Incentive


In a prior post I talked about how the government pays off a certain portion or defers a portion of your student loans if you are an educator. Well in Texas for sure, I cannot speak for other states. Yes, loan forgiveness is a GREAT reward for teaching, but sadly this can be a terrible thing for the education system. By offering to pay off people’s debt, some people may go into education just because they do not want to pay off all of their loans, or for reasons other than a passion for the students. In the end, this will ultimately affect the students. By people entering into the education field without a care for the students or the education system, the students will not get the proper attention and care. I know that there is a time limit that a teacher has to be teaching in that school district before they qualify, but some people may not think that is that long for debt forgiveness. Just food for thought. This is the link again that describes the loan forgiveness requirements.
https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/public-service


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