A $10 million gift matched by Stanford will create a $20 million loan-forgiveness program at the university's School of Education to encourage students to become K-12 teachers.

The new program will significantly reduce the debt for students enrolled in the yearlong Stanford Teacher Education Program (STEP) who, upon graduation, enter the teaching profession for at least four years. It was made possible by a $10 million gift from Stanford alumna Judy Avery, chair of the Durfee Foundation of Santa Monica, Calif., that will be matched by a $10 million allocation from Stanford.

For more inforamation: http://www.stanford.edu/dept/news/pr/2006/pr-steploan-100406.html