How Biden’s student loan policies favor government and nonprofit workers
Government employees (including teachers) and non-profit workers are eligible for what is called the Public Service Loan Forgiveness (PSLF) Program. Make payments for 10 years on your student debt, and poof, all gone. But it gets better (for these special employees.)
(From The Hill)
Because the Trump-Biden loan repayment freeze continues to count non-payments as payments for the purpose of qualifying for public loan forgiveness, there are government and nonprofit workers who are now receiving student debt cancellation without having made the full 10 years’ worth of payments. And the longer the freeze continues – there’s nothing stopping Biden from perpetually renewing the halt in payments – the more it will disproportionately benefit these workers over all others.
This article was originally posted here: https://www.ac2news.com/2021/02/how-bidens-student-loan-policies-favor-government-and-nonprofit-workers/.