If you’re a teacher in the United States with a student loan, you can get $5,000 to $17,500 of your student loans forgiven by the federal government after five consecutive years of teaching in low-income schools. To do this, you’d have to first match the eligibility requirements to your position and your loans: If you took maternity leave does that year count? Does your loan count if you took a deferment while you got your Masters?
Imagine you were just handed a check – a check in addition to and larger than most of your paychecks. Do you know what you would do with this money? And what would it take to change your mind?
The US Household Finance Initiative at Innovations for Poverty Action is today introducing a new Twitter account, called @IPA_US. Contrary to what our handle might suggest, we will not be tweeting about our affinity for fragrant hops and craft breweries. Instead we’ll be tweeting about the following:
In the real world, we often find that consumers respond differently from the ways theories predict. The more we are able to conduct rigorous research to better understand what products are most effective, the better we will be at focusing investments on those products.