Depending on Where You Teach, It Could Take 5 to 12 Years to Repay Your Debts

For educators, the state they teach in can affect how long it takes them to pay off their loans. In many states, teachers tend to spend years paying off their student loans because their salaries just aren’t as high as other jobs that need the same level of education. Plus, teachers’ paychecks are growing at a different pace than inflation.While teachers received an average increase of 2.6% in salary from 2022-2023, inflation is at 4% from 2022-2023.

When adjusted for inflation, the average teacher is making $3,644 less per year than 10 years ago.Some salary increases like those in New Mexico and Nevada are higher than others like Vermont and Alabama.In many states, teachers are not getting paid enough to keep the lights on, keep students educated, and keep their debts paid. And depending on where one teaches, paying off student loans may take a teacher more than twice as long as others.

In this article, TeacherCertification.com sheds light on the duration and costs associated with paying off student loans on a Pay As You Earn Plan as a secondary school teacher across the U.S.

Please help put parents in charge of their child’s education by forwarding this article to other parents, family, friends and voters.

Other Articles

What Is Career Planning for High School Students?
It’s so much more than “What do you want to be when you grow up?”
Read More
4 LA Teachers Surprised With $15,000 Jewish Educator Awards
The awards were presented during surprise assemblies by the Milken Family Foundation with Builders of Jewish Education.
Read More
California school district under scrutiny after 3-year-old mistakenly released to stranger
During the first week of school, most people would expect teachers to be extra vigilant, but some parents in California say they experienced the opposite.
Read More
63 CA Seniors Awarded STEM Grants From Amazon Future Engineers Program
Amazon Future Engineer awards hundreds of students with 4-year up to $40,000 scholarships and paid industry internships toward STEM degrees.
Read More
Commission offers teacher candidates a Road Map to Teaching
The latest education news updates from EdSource.
Read More
Substitute teachers’ pay is lacking | Commentary
Imagine that tomorrow morning you will work with people you’ve never met at a place you’ve never been. If you’ve arrived early, you will have approximately 15 minutes to orient yourself. If you need assistance, the name of a small child has been provided.
Read More
What the CEO Act Brings to Homeschool Families
Homeschooling, what an amazing journey! The rise in popularity of homeschooling has brought about a world of benefits and exciting possibilities for families.
Read More
Teacher retirement benefits protection bill signed by Gov. Newsom
A bill seeking to protect the monthly benefits of retired public school teachers is set to become law after receiving approval from Gov. Gavin Newsom.
Read More

Get latest news delivered daily!

We will send you breaking news right to your inbox

© 2024 educationopportunity.org, Privacy Policy | FPPC #1460602