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CollegeBound Blog

Connection Between Student Debt and Teacher Shortage

Blog, Career, Colleges, General, News, Parents, Students

The Consumer Financial Protection Bureau is investigating the connection between student loan debt and the teacher shortage, both projected and current, especially in the areas of math and science.  “The National Center for Education Statistics estimates that the United States will need over 425,000 new teachers by the end of this decade to make up for the wave of retiring baby boomers. Despite this challenge, compensation for public school teachers has not kept pace with the private sector— according to one study, starting public school teachers in 19 states earn less than $33,000 per year.”  With the average student loan debt approaching the $30,000 mark, considering a career in education is becoming more and more difficult.  [read more]

About Jane Manley