If you are a teacher who is participating in a loan repayment program, you may be in for some bad news. According to a recent article in the New York Times, states such as Connecticut and Kentucky have already reneged on their commitments to repay teachers for some of the costs associated with furthering their education. Now, it appears that the state of California may soon be in the same boat.

The fact that California is facing some serious financial troubles isn’t a secret, but many people are unaware of just how badly the state’s economy is collapsing. While many states are facing problems with their housing markets and with the job markets, California has been particularly hard hit. Furthermore, the state’s current budget rules make it difficult or the state to raise the revenue it needs. As a result, there is a very real concern that the state will actually run out of money this summer.

These facts have left teachers in California worried about whether or not they will be receiving their scheduled reimbursement payments – particularly since they are already past due. Although the state insists that the checks will be sent out within the next couple of weeks, the executive director of the California Student Aid Commission, Diana Fuentes-Michel, does admit that there is concern regarding future checks.

Through California’s Assumption Program of Loans for Education, teachers can get up to $19,000 paid off of their student loans over a four year period. Currently, approximately 6,500 teachers are participating in the program.

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