Teach for America is an option for loan repayment
By Danyelle Gary
As total student loan debt increased to an amount greater than the total U.S. credit card debt, more college students are utilizing loan assistance incentives available through programs like Teach for America.
The recent acceptance of a $50 million federal grant could greatly aid Teach for America in its loan repayment program, through which it agrees to pay as much as 100 percent of interest incurred during a participant’s teaching term.
Much of the program’s funding is in conjunction with its partnership with the U.S. federal government program AmeriCorps.
“AmeriCorps [with assistance from the federal government] will supply each TFA corps member with roughly $10,000 over their two-year commitment with the purpose of going into education,” said Teach for America member and 2010 Hampton University graduate, Ken Barton.
Barton is a social studies teacher at The B.E.S.T. Academy [Business, Education, Science and Technology] at Benjamin S. Carson, an all-boys middle school in Atlanta.
Other financial assistance available through Teach for America includes loan postponement and loan cancellation.
Teach for America is a non-profit program that recruits and train college graduates to teach in low-performing school districts for a minimum of two years.
According to an Aug. 23 article in The Washington Post, the grant is expected to double participation to 4,500 members within the next four years.
The writer is a junior at Hampton University Scripps Howard School of Journalism and Communications.