It’s an unfortunate truth for many administrators: schools are losing qualified educators. It’s not that teachers don’t love teaching. Rather, many teachers can’t afford to stay in the profession. More than 60% of educators have student loan debt, which contributes heavily to their financial stress.
Helping your staff address their student loan debt could have a significant impact on retaining good teachers. In fact, according to a June 2020 study, 88% of teachers report they would be more likely to stay in the profession if they could get student loan forgiveness. And 70% would stay if they could get a