Public Service Loan Forgiveness is Key for Millions of Borrowers
This post originally appeared on younginvincibles.org.
By: Allie Aguilera | April 30, 2018
Created in 2007, the Public Service Loan Forgiveness (PSLF) program allows for federal student loan forgiveness for teachers, nurses, firefighters, and other critical public and non-profit workers after ten years of on-time monthly payments. Now, the first wave of eligible borrowers is ready to receive forgiveness. Unfortunately, the PROSPER Act, recently proposed by House Republicans, would eliminate the program for future students altogether, despite recent investment from Congress that bolstered the program. Congress’s investment signals a clear understanding of the positive impact that the program could have on allowing young people to pursue careers in public service industries. Young Invincibles strongly opposes any cuts or arbitrary caps to PSLF on behalf of the millions of young people watching anxiously as proposals like the PROSPER Act threaten this vital pathway to financial security
Allie Aguilera is the Policy and Government Affairs Manager at the Young Invincibles.
Posted on 2 May 2018
|Young Invincibles is a national organization committed to mobilizing and expanding opportunities for young adults between 18 and 34 years of age on issues like higher education, health care, and jobs. YI was founded in the summer of 2009, motivated by the recognition that young people’s voices were not being heard in the debate over…