Looking at the Issues Header
February 6, 2015
Did You Know
Stark State Pilots Adult Diploma Program

Welcome Betty Rider, PhD as Project Director of the Stark State Adult Career Education Pilot Program launched with support from the Ohio Department of Education.

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Reducing the Burden of College Debt  

 
Contrary to most of our beliefs that college debt is an inevitable burden, over the last few decades a series of federal laws signed under both Republican and Democratic administrations, created a little known opportunity for students to borrow directly from the United States Department of Education with an Income-Based Repayment plan (IBR). The details of the IBR have changed over the years, but in short, the law provides a mechanism for adjusting repayment based on the income level of graduates. College graduates pay back their federal loans at no more than 10% of their adjusted income per month and the loans are forgiven after 20 years.

"College degrees pay off in the long run, but many graduates struggle to manage their debt upon graduation," said Rory O'Sullivan, deputy director of Young Invincibles, a millennial research and advocacy group. "Income-based repayment plans protect students from early career struggles, layoffs and tough economic times." [1]  

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About the Partnership Long Header
The Stark Education Partnership, Inc., is a 501(c)-3 non-profit education reform support organization in Stark County, Ohio crossing the lines of 17 public school districts. The Partnership collaborates with educators, business, community and civic leaders to create and respond to opportunities that will add substantial and measurable value to education.

 
Questions or comments? Email aoneill@edpartner.org or call 330-452-0829. Visit our website at http://www.edpartner.org