Teachers are some of the lowest paid professionals in the country. According to the National Education Association, the average starting salary for the 2016-2017 school year was $38,617. In Ohio the average starting salary was even lower at $35,249.
At the same time, a focus on credentialing within teaching has lead to many teachers having to take on more and more debt to get advanced degrees. According to a 2014 report authored by Jason Delisle when he was at the New America Foundation the average Masters of Education student has $8,879 more in debt than MBA graduates, coming in with an average loan debt of $50,879.
Yes, there are some specialized forgiveness programs for teachers. One program covers FFEL and Direct Loans while Perkins loans have a separate loan forgiveness program. Some teachers may be eligible for public service loan forgiveness.
These forgiveness programs don’t fix the problem that we are expecting teachers to take on too much debt for too little pay. That’s why I support efforts to increase teacher pay and reign in the cost of tuition.