ERIC Number: EJ780058
Record Type: Journal
Publication Date: 2007-Nov-16
Pages: 1
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0009-5982
Forgiving Loans of Those in Public Service Grows Popular, but Programs Are Unproven
Field, Kelly
Chronicle of Higher Education, v54 n12 pA20 Nov 2007
As the cost of college continues to rise, more and more graduates are entering public-service careers like nursing, teaching, and social work with unmanageable levels of student debt. Many will struggle to repay their student loans while meeting their own basic needs. While some debts can be manageable for lawyers at private firms, it can be a huge burden for lawyers in public-interest fields, where median starting salaries ranged from $36,000 to $46,374. Many will leave their jobs after two to four years, just when they have gained some expertise. In an effort to reverse this trend, Congress recently created a new loan-forgiveness program for low-income public-service employees. This article describes how the loan-forgiveness program can help public-service employees pay off their debt and help public service employers recruit and retain talented employees. (Contains 1 table.)
Descriptors: Employees, Debt (Financial), Public Service, Lawyers, Social Work, Paying for College, Low Income, Talent, Recruitment
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: N/A

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