America’s teachers are suing the federal government over student loans , America has a trillion-dollar student debt problem,
The American Federation of Teachers (AFT), the second-largest teachers union in the U.S. I went to school, I went to college, I wanted to become a teacher. I took loans. And now I’m paying $600, $700 a month right off the bat every month ,
For my student loan… it’s a horrendous situation for them to be in.“They’re now “embarrassed” about their student loans, United Federation of Teachers (UTF) President Michael Mulgrew told Yahoo Finance. “Because the thing is ,
On top of that, “everybody talks about it,” added Mulgrew. “You hear all the politicians talk about it.But the idea that they passed the student loan forgiveness federal program, and in reality nobody gets to use it — that’s insane.”
“Teachers have a lower median income and are taking on student debt at a higher rate than the three other industries involved in our survey,” Kyle McCarthy, head of growth at Fishbowl told Yahoo Finance.
“On top of that, over 96% of teachers are spending their own personal money to provide underprivileged students with the school supplies they need, leaving teachers with even less disposable income,” he added.
“It’s a good example of the growing wealth inequality in our society today.”In the U.S., there were 3.8 million full- and part-time public school teachers between 2015 and 2016,
Half were elementary school teachers, and the other half secondary school teachers. There were also 27% more teachers in 2015 than in 2000.Around 55% of elementary school teachers and 59% of secondary school teachers held either a “post baccalaureate degree”
The lawsuit against the Department of Education is just the latest in a series of legal actions they’ve taken. In response to bureaucratic inefficiency and rising financial pressure, story