Moving America Forward

This State Might Offer a Novel Incentive to Help Teachers Pay Off Loans

March 5, 2014
This State Might Offer a Novel Incentive to Help Teachers Pay Off Loans
Evan McGlinn/Redux
Indiana lawmakers want to reward students who become teachers in STEM subjects.

Some problems seem almost too daunting to solve. But that doesn’t mean that you shouldn’t try. And that’s the optimistic viewpoint that lawmakers in Indianapolis are taking.

In order to help alleviate two major problems in our country — the student loan bubble and the still-weak economy — they want to offer qualified students up to $9,000 in state funds to pay off their loans if they go on to become teachers in science, technology, engineering, and mathematics (the so-called STEM subject areas), according to the Associated Press.

This proposal, currently awaiting Senate approval, would also extend to teachers in areas with educator shortages, the AP reports. Recipients would receive this money after completing their third year of teaching in Indiana.

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This law could be especially helpful not just for our trillion dollar student loan bubble but also for our economy, as the fastest-growing jobs are in STEM fields (think: physician assistants, computer software engineers, dental hygienists, and veterinarians, to name a few). According to the Department of Commerce, STEM jobs grew at a rate of 17 percent in the past 10 years, compared with a 9.8 percent growth in other occupations. President Obama has endorsed an education in STEM to help make sure our students have the skills they need for the jobs of the future. Looks like Indiana is making a promising start.