Since student loans are so pervasive in the U.S., it's not surprising that the people who hold them might seek out aid wherever they can get it in order to pay their debts. But it seems especially ironic that teachers would struggle with the same kind of financial problems their students may have or go on to have later.
Fortunately, there are some ideas floating around to provide this group of people the proper amount of aid in return for their service. One notion being considered by the state of Indiana and recorded by the Associated Press would give teachers thousands of dollars of relief for teaching courses in the STEM curriculum.
That acronym, which has been getting a lot of press lately, stands for Science, Technology, Engineering and Math, and it has been cited as a necessity for ensuring a future work force in these areas, according to the Wichita Eagle.
That source spoke to the Kansas Department of Education's Jay Scott, who spoke about the impetus behind the STEM program in Kansas.
"We're preparing kids for careers and occupations that haven't even been created yet, so it's kind of a moving target," he said. "But it's exciting. … STEM represents an opportunity for that to happen."
Programs that are specifically connected to such efforts might seem attractive, but there will still need to be appropriate risk assessment checks in place to ensure that the loans dispensed can eventually be repaid. Case management software can help your bank evaluate credit risk on a case-by-case basis to see the individual circumstances of each applicant and treat them accordingly.