By Lisa Fleisher, The Wall Street Journal
New York City schools are recruiting teachers by dangling $25,000 to pay off student loans, even though the teachers union hasn’t agreed to the program yet.
In an online job posting, the city’s Department of Education is touting the new incentive, emphasis included in original:
As a New York City teacher, you may be eligible for additional income through a wide array of incentives and school positions that will stretch and challenge you as an educator as well as offer additional compensation. For example, Mayor Bloomberg recently announced that top tier graduates may be eligible for a total of $25,000 toward student loan repayment.
The ad refers to a proposal made by Mayor Michael Bloomberg in January during his State of the City speech to repay student loans for the top quartile of college graduates who become teachers and remain on the job for five years.