Minnesota approves student loan forgiveness program for teachers

Minnesota teachers are eligible for student loan forgiveness of $1,000 each year, up to $5,000 over five years, under a new bill passed by the Legislature and signed into law by Governor Mark Dayton, who was awarded America’s Greatest Education Governor Award in 2012 by the National Education Association.

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How college loans exploit students for profit: TED Talk by Professor Sajay Samuel

Today, higher education has become a consumer product — costs have skyrocketed, saddling students with a combined debt of over $1 trillion, while universities and loan companies make massive profits. In this TED Talk, Sajay Samuel, a professor of accounting at the Smeal College of Business at Penn State University, talks about how college loans exploit students for profit and then proposes a radical solution.

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College grads enter job market burdened by record debt – USA Today

“Along with their new diplomas, this year’s graduates will leave campus with an average of $28,950 of student debt, according to the latest figures from The Institute for College Access & Success, an independent nonprofit research organization. The institute found that from 2004 to 2014 the share of graduates with debt rose modestly from 65% to 69%, but the average debt at graduation rose at more than twice the rate of inflation.”

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