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How does student loan forgiveness affect our national security?
- westurner 3y ago> In particular, the Public Service Loan Forgiveness (PSLF) program grants loan forgiveness to individuals working within low-paying public careers, including teachers, first responders, government employees and nonprofit or community workers. Currently the program only grants forgiveness after an individual makes 10 consecutive years of repayments while working in public service; I argue the timeframe should be reduced to seven or even five years of public service. The policy change can be enacted quickly and would satisfy even the fiercest critics who insist that any loan forgiveness must be reciprocated in some manner. Above all, doing so will incentivize more Americans to pursue public service as a career, which simultaneously benefits society as a whole. > "This reduction in the PSLF timeframe should also be extended to those in vocational or trade schools. Individuals wishing to acquire skills as mechanics, truck drivers or construction workers should also have access to affordable training and, more critically, be able to contribute to the national security of the United States in the form of public service. > [...] Reducing the timeframe of the Public Service Loan Forgiveness program and extending the program to those in vocation schools will therefore help advance the national security of the United States. Public Service Loan Forgiveness: https://en.wikipedia.org/wiki/Public_Service_Loan_Forgiveness https://en.wikipedia.org/wiki/Public_Service_Loan_Forgivenes...
- westurner 3y agoThis (SLFP terms updates) or just raise wages and no incentives to skill up in an accredited program? What are the term-length terms of such a benefit like to work with? What happens if you're doing SLFP and you miss a student loan payment due to government shutdown resulting in no paycheck for that month?