Unbearable burden? living and paying student loans as a first-year teacher
From the summary:
Some policymakers believe that we could be facing a situation in which recent college graduates cannot afford to go into teaching because they will be unable to repay their college debts. In “Unbearable Burden? Living and Paying Student Loans as a First-Year Teacher,” Cato scholar Neal McCluskey assesses first year teachers’ ability to pay back college loans given their actual salaries and expenses, and concludes that there is no need for policymakers to intervene in either teacher pay or student aid to assure that college graduates can afford to become public school teachers.
Direct to Full Text Policy Analysis (24 pages; PDF)
Source: The Cato Institute (Source: Docuticker)