Is Teacher Loan Forgiveness Your Best Option? The Pros and Cons of Teacher Loan Forgiveness
It’s no secret that teachers take on a significant amount of student loan debt but don’t usually earn lucrative salaries to lift them out of that debt. The average student debt among Student Loan Planner’s clients who are teachers is $100,828. In contrast, the average K-12 teacher earned a median salary between $59,420 to $61,660 in 2019, according to the Bureau of Labor Statistics.