Reducing Educator Debt
AACTE is sponsoring its second Public Policy in Action webinar on May 19 at 1:00 p.m. (EST) to help federal student loan borrowers new to the teaching profession manage their federal student loans and, eventually, to have them forgiven.
Among the most significant reasons educators to leave the field is low pay and the significant debt they must take on to earn their degree. This is particularly acute for those just starting out, whether it be as a teacher in a K-12 classroom or as a faculty member at a school of education.
The information in this webinar is critical to help keep profession-ready, highly motivated educators in our nation’s classrooms. AACTE encourages you to share the registration link with those who are on the verge or entering the profession via residency programs or new educators that may be interested.
In response to COVID-19, Congress passed legislation in 2020 that authorized a “pause” on all Federal loan repayment plans, interest accumulation and suspended garnishment efforts. This pause is scheduled to expire on August 31, 2022.
The Public Service Loan Forgiveness Program (PSLF) is an underutilized program that forgives the federal student loan debts for borrowers that make 120 qualified payments while working in the public sector, including teaching and other education positions. While the program has been mismanaged over the past several years, the Biden Administration is working to make significant improvements to the PSLF, so that more beneficiaries will see their loans eliminated. This webinar will provide background on the program, explain the planned upgrades, and discuss how federal borrowers could benefit from the program.
Panelists will include the following:
- Michael Rose, Senior Director of Government Relations, AACTE
- Rachel Gentry, Director of Government Relations at National Association of Student Financial Aid Administrators (NASFAA)
- Michael Yudin, Principal, The Raben Group
How Educators Can Better Manage their Federal Student Loans
1:00 – 2:00 p.m. (EDT)
Tags: advocacy, events, federal issues