Don't cut the Public Service Loan Forgiveness (PSLF) program
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The Public Service Loan Forgiveness (PSLF) program, enacted in 2007, was designed to encourage college graduates to pursue careers as social workers, psychologists, teachers, public defenders or doctors in rural areas or places of high need. The loans would be forgiven after 120 payments (10 years). There are at least 552,931 people on track to receive the benefit, with the first wave of forgiveness set for this October. This program was designed to help students break free from crippling debt by working for the public interest.
PSLF is now under siege and may be cut entirely from the new proposed budget. Elimination of PSLF could result in thousands defaulting on their loans, hurting individuals and the economy as a whole. Already 1 million borrowers defaulted on their loans last year. Students and families will struggle without help. Make your voices heard and tell the Department of Education and secretary DeVos to save the PSLF program and make sure it is solvent for future generations.
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