UW-Platteville offers to repay some incoming Education Major student loans
PLATTEVILLE, Wis. (WMTV) - This fall, the University of Wisconsin- Platteville’s School of Education is offering to repay some students’ loans.
“It’s so refreshing being around the little kids who just want to learn,” Dominic Ballweg, an incoming Freshman in UW-Platteville’s Education program said. “I think when people think of teachers stereotypically, they’re thinking of low-paying, people who aren’t making money.”
That’s why this fall, the School of Education is offering a Loan Repayment Assistance Program (LRAP). The program applies to three types of loans: Federal student, parent PLUS and private alternative.
“It’s for all of our new incoming freshman who are elementary and middle education majors, so when you come to our university, stay with us for four years, then when you graduate, until you make $48,000 we will pay a portion of your student loans,” Jen Collins, Dir. of UW-Platteville’s School of Education said.
That means until they’re making $48,000 per year, students will get help from the university to make payments.
Jamie Nutter, with Cooperative Education Service Industry, District 3 (CESA 3) hopes this will keep teachers in the classroom.
“This is a great strategy with combating the teacher shortage especially in rural areas, we need all the help we can get,” Nutter said.
Nutter said this year, there are some rural school districts who may not receive any applications from teachers.
“School districts aren’t just competing against each other anymore for those candidates, they’re competing against all industries because of their skillsets, so for people to specifically go into teaching to get loan repayment will give them more incentive to get into teaching in the rural areas,” Nutter said.
Ballweg is glad he won’t have to choose between a dream career or paying his loans.
“I’m sure I’ll find a job somewhere but the loan repayment at that point will help,” Ballweg said.
Employees with the School of Education say UW-Platteville is the first public institution in the country to offer this kind of loan repayment plan.
Copyright 2021 WMTV. All rights reserved.