“This would be a much better world if more married couples were as deeply in love as they are in debt.”
Congress gives new hope for those who didn't qualify for Public Service Loan Forgiveness
Source Date:
Monday, May 21, 2018
Categories:
Some student loan borrowers will get another chance to qualify for the Public Service Loan Forgiveness program.
Congress has set aside $350 million to help fix what lawmakers have called a "glitch" in the enrollment process.
Teachers, social workers, public defenders and others who work for the government or non-profits can qualify for student loan forgiveness after making 10 years of payments. But many who thought they were on track for forgiveness have since found out they were in a repayment plan that makes them ineligible for debt relief.
The money was included in Congress's spending bill signed by President Donald Trump Friday. It funds the government through September.
Many student loan borrowers have claimed their loan servicers led them to believe they qualified for the program, when they actually did not.