3 ms·

I'm not tuned in to American politics so can someone more knowledgeable fill me in... How many more loans are likely to be forgiven? When will people be told

• bombcar 5y ago
  This is mainly a policy called Public Service Loan Forgiveness which says that IF you make 120 payments on schedule and on time (ten years) AND you work during that time for a qualified 'public service' job (think government, teacher, non-profit) THEN after 10 years the government will pay the remainder of your loan. There's some other stuff but the majority of it is that, a policy that's been in place for many, many years, but has been a bureaucratic hell to correctly navigate (you need to check each year, perhaps each month, that your payment has been recorded correctly, and reported correctly, etc). This is not general loan forgiveness by a long shot.
  • Miner49er 5y ago
    Just to add, the program was a complete failure. 99% of applicants for it were rejected. This news is just that they are trying to fix it, from my understanding.