The training necessary to obtain those licenses can be expensive, and many people are taking out student loans to cover the costs. Nurses, teachers, hair stylists and travel guides are just a few of the types of professionals who require a license. Today, that percentage has risen to more than 25%. workers were required to hold a license to practice their chosen profession. If people are unable to work in their chosen field - the one they went to school for and presumably took out loans to fund - how can they be expected to pay their debt?Īccording to the National Conference of State Legislatures, during the 1950s only 5% of U.S. Meet our staff of bloggers tirelessly dedicated to the cause.A real Catch-22 of student loan debt exists in the 13 states with the ability to revoke a professional license in the case of student loan default. You can read more about this issue at Forbes.Īuthor Samuel Hewitt Posted on MaCategories Election 2016 Watch for ANA updates and requests for grassroots efforts in the interest of advancing this policy. The Protecting JOBs Act is a bi-partisan effort at the federal level to address this counterproductive policy. ![]() With a continued increase in the percentage of Americans working in occupations requiring licensure, approximately 25%, combined with rising student loan default rates, there has been renewed interest. Two states-Iowa and South Dakota-revoke all state-issued licenses, including driver’s and recreational hunting licenses.Īccording to the Institute for College Access and Success, 8.9 million federal student loan borrowers now in default with over 1 million borrowers added each year. In Arkansas and Mississippi, the laws are more narrow, applying only to state health care education loans and scholarship agreements. ![]() An additional five states-Arkansas, California, Mississippi, Minnesota and Florida-revoke only the licenses of health care professionals for defaulting on education loans. Louisiana will only revoke a license if the professional has defaulted on an education loan issued by the state. As of 2018, the National Conference of State Legislatures (NCSL) reports at least eight states-Alaska, Georgia, Hawaii, Iowa, Kentucky, Massachusetts, Tennessee and Texas-maintain laws requiring all occupational boards to revoke licenses for defaulting on any type of federal or state education loan. Around 2010, at the height of this legislative trend, roughly half of states had some form of license suspension for default in place.Īlthough several states rescinded laws seizing or suspending licenses, barriers remain for some license holders. ![]() Department of Education and select member organizations representing government, to adopt laws requiring regulatory boards to suspend professional licenses, and even driver’s licenses, if the board received notice informing them an applicant held outstanding student loans. ![]() Under the bill, any state that receives federal funding through the Higher Education Act would be barred from denying, suspending, or revoking an occupational license or a driver’s license “solely” because a borrower defaulted on their federal student loans.Īs early as the 1990’s, states were urged by the U.S. Marco Rubio (R-FL) and Elizabeth Warren (D-MA) reintroduced the Protecting JOBs Act (S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |