<p>"Tufts University is offering graduates an unusual deal: Take a job as a public school teacher or social worker, or work for any nonprofit, and the university will help pay off their college loans for years to come..."</p>
<p>Last week an article about this program appeared in the Boston Globe (Oct 9). Here is the full link:</p>
<p>Really a great move. Hope other schools follow, particularly ones like Tufts, where so many students go into non-profit, public service work.</p>
<p>Curious if it's for teaching at any public school or a school in an impoverished area? Great that Tufts is taking the lead for colleges!</p>
<p>Here is a little bit on the new legislation:</p>
<p>Dudedad, My understand is that the Tufts loan forgiveness program is for any public school teaching job, regardless of the area the school is located. It's also not just for recent grads—as long as you qualify (by making a low enough salary) the loan forgiveness goes on.</p>
<p>Sounds good, but w/o defining "low income" and "signif debt" it's hard to know how many will benefit from this prgm. A public sch teacher on LI can earn over $50k after just a few years - - almost twice the average public interest undergrad salary cited in the article. Anyway, it's a start.</p>
<p>lolabelle...
This is indeed a feather in Tuft's cap.
I would be interested in the donor here. How much was he/she steered by Tufts, and how important was he/she in figuring how the money was to be spent?
The school as a whole has a wealthy student body with only 36% (according to USN&WR) having any loans at all, and then, not a lot.
I guess what I'm asking is was Tufts behind this, or the donor?
I understand that Tufts does not have the luxury of a large per student endowment. No judgment here. But what's the story?</p>