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You are here News Of Special Interest New Fears For Public Service Loan Forgiveness

New Fears For Public Service Loan Forgiveness

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Student Loan forgiveness in dangerA legal motion the Department of Education filed yesterday could have big ramifications for half a million teachers, social workers, police officers and other public servants. The motion asserts that there has been no final decision on whether these people will have their student debt forgiven, as they had believed.

The Obama Administration created Public Service Loan Forgiveness a decade ago. A 2016 blog post, which still appears on the official ed.gov website, describes it as a "broad, employment-based forgiveness program for federal student loans." Anyone who works for the government or a nonprofit can have their loans erased after 10 years of on-time monthly payments, the post explains.

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