The Department of Education’s Public Service Loan Forgiveness program allows student borrowers a way to eventually erase federal student loan debt by working for the government or at a non-profit for 10 years. Students have already accused the government of failing to keep its promise, and a new report not only appears to bolster this claim but shines a light on other concerns about other roadblocks to loan forgiveness. [More]
public service loan forgiveness
DeVos Education Budget Could Make It Harder To Obtain, Repay Student Loans
By 5.23.17 — Updated: 5.25.17
Days after the Department of Education revealed it would give all student loan accounts to one servicing company and strip away more protections for federal student loan borrowers, Secretary of Education Betsy DeVos outlined the Department’s proposed budget, which goes even further by eliminating or completely overhauling programs intended to make student loans more accessible and easier to repay. [More]
Trump Administration Looking To End Student Loan Forgiveness Program
By 5.18.17
This October will mark the first time that student loan borrowers who have worked for 10 years with the government or a qualifying non-profit will be eligible to have their debts wiped clean. It may also be the last time, as the Trump administration is reportedly targeting this and other Department of Education repayment programs for elimination.
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