Friday, July 22, 2016
Century Foundation President Comments on New Proposal Offering Debt Forgiveness
What makes you a public servant? For the purposes of the federal student loan program, 10 years working for the government or most nonprofits qualifies.
A recent proposal is challenging that definition as policymakers look for ways to curb the effects of growing student debt.
The bill, introduced last week by Rep. Eric Swalwell (D-Calif.), would allow borrowers who work in public service for incremental periods to have a certain share of their loans forgiven...