By Jordan Bienstock, CNN
(CNN)– President Obama’s administration has announced plans for a national Science, Technology, Engineering and Math (STEM) Master Teacher Corps. The effort is part of the administration’s plan to recruit, recognize and reward leading educators in these fields.
Plans are for the STEM Master Corps to begin with 2,500 members - 50 teachers from each of 50 different sites - and then expand to 10,000 master teachers within four years. The Department of Education said it will work with nonprofit organizations, along with business partners and school districts, to identify teachers for the Corps through a competitive selection process.
Membership will require a multi-year commitment from educators, who will receive up to $20,000 in compensation above their base salary, as well as other rewards. In return, these teachers will be required to offer their expertise and leadership to promote and expand STEM education.
Administration officials say STEM Master Corps members will develop new lesson plans and strategies to improve science and math teaching. They will also run mentor programs for fellow STEM teachers and lead professional development programs.
By Carl Azuz, CNN
(CNN) – The U.S. economy is tightening its grip on Americans’ options when it comes to paying for college.
And while parents proportionally contribute the most money toward an undergraduate’s degree, the amount they’re contributing has dropped dramatically in recent years.
The information was revealed in Sallie Mae’s National Study of College Students and Parents, which was conducted by Ipsos and found that Americans are relying on a variety of sources for college funding.
For the 2011 – 2012 academic year, the study found that parent and student income and savings combined to make up 40 percent of the total cost of college.
Borrowing by students and parents made up 27 percent. Contributions from relatives and friends added up to 4 percent.
But grants and scholarships made up the single biggest piece of the pie at 29 percent. And what may raise some concern among the nation’s college hopeful is a recent drop in the proportion of families that got scholarship money.
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