Summary
Abraham Lo, a 23-year-old University of Pennsylvania graduate who teaches at a Philadelphia charter school, has a staggering debt -- $48,000, mostly in federal loans. But because high school science teachers are relatively scarce, the government will forgive $10,000 of that debt if Lo teaches for five years. "It's good, it's not great," Lo says of the loan repayment help. Still, he adds: "I'm doing what I want to do. I'm not compromising."
Besides, the bottom line may soon get significantly better: Under President Bush's 2004 budget proposal, the government would forgive up to $17,500 in loans for some math, reading, science and special- education teachers who work with low-income students.See the full content of this document
Extract
Good Works Can Lighten Loan
Loan forgiveness programs are not new. The Peace Corps and other federal good-works agencies have long helped out volunteers with college debt. But like college loans themselves, the pro...
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