Bill Would Relieve Student Debt for Some Teachers

Early-career teachers who work in lower-income school districts would be eligible to receive up to $20,000 in total student loan debt relief over 10 consecutive years, under a state Senate bill introduced by several Democratic lawmakers.

Senate Bill 673 would apply fully for newer teachers in districts where at least 45% of students qualify for free and reduced lunch. Those who work in a school that is not so designated “at-risk” could apply to receive up to $10,000 in student loan debt relief over 10 years.

Under the measure, teachers could first apply for the program within three years of receiving initial certification and continue receiving a grant each year for up to 10 years. The annual grant payments would cover 10% of remaining student debt up to $20,000 for teachers in at-risk schools and 5% for those not teaching in at-risk schools.

The bill would create a teachers loan forgiveness fund to pay for the program. House Democrats proposed another student debt relief plan earlier this year as part of their “Respecting Educators” proposal.

Legislation Newsroom Teachers

Releated

MEA joins West Michigan & statewide groups to say: Vote NO on Con-Con to avoid risky changes to MI Constitution

Grand Rapids Chamber of Commerce, Michigan Environmental Justice Coalition, West Michigan Building and Construction Trades Council, Michigan Realtors® and Small Business Association of Michigan (SBAM) on Thursday joined together to urge a NO vote on a Constitutional Convention, a ballot question that voters will face in November.   Representing a wide range of interests and policy priorities […]

MEA thankful for reintroduction of health care bill by Democratic legislators

The following statement can be attributed to Michigan Education Association President and CEO Chandra Madafferi, a teacher from Oakland County, in response to the legislative Democrats reintroducing previously passed legislation addressing rising public employee health care costs: “We are thankful that Michigan’s Democratic legislators have reintroduced a bill to rein in skyrocketing health care costs […]