Further student loan forgiveness would “incentivize public service,” said House Majority Whip Jim Clyburn.
House Majority Whip Rep. Jim Clyburn of South Carolina and Pennsylvania Democratic Rep. Brendan Boyle are proposing new legislation to expand the Public Service Loan Forgiveness Program as a way to encourage more young people to work for the government.
Federal, state and local government full-time employees as well as employees of tax-exempt not-for-profit organizations are eligible to apply for student loan forgiveness under the PSLF.
The existing program “discharges any remaining federal student loan balance after borrowers make 10 years’ worth of payments,” according to the financial website Nerdwallet.
August 2022 data from the U.S. Department of Education shows that 1,578,036 borrowers applied for PSLF and Temporary Expanded Public Service Loan Forgiveness since Nov. 9, 2020 and 210,240 had their loans discharged.
“The average balance of borrowers whose loans were discharged under PSLF was $63,962,” Nerdwallet reported.
NONE of the damn shhht is going to be Forgiven !!! Judge already ruled UN-CONSTITUTIONAL BABY !!!!
DISCRIMINATION to the rest of us Who did not get any such thing !!!!