"There is scarcely anything that drags a person down like debt."
D.C. residents could have student debt forgiven under council proposal
Source Date:
Tuesday, October 3, 2017
Categories:
The nation’s capital is one of the most educated but also most indebted regions of the country, with one in five residents shouldering student loans. That debt load is an added burden for residents already struggling with the city’s high cost of living. New legislation seeks to ease the strain.
D.C. Council member David Grosso (I-At Large) introduced a bill Tuesday to create a student loan forgiveness program for District residents. He is proposing the city cover up to five years of payments for individuals earning less than $75,000 a year or married couples with a combined income of less than $95,000.