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www.forbes.com/sites/adamminsky/2020/05/26/bleak-new-stats-for-public-service-loan-forgiveness---and-a-potential-fix/amp/
For June:
Average loan amount for students forgiven? 70k. Percent of people getting loans forgiven since eligibility began 2 years ago? 1-2%. Everyone else eats dirt. This is a 10 year plan and basically locked people into low paying jobs and ballooning interest accruals without delivering on promises.
Planning on doing paye or repaye so the government bails out your 1 million dollar loan amount after 20 or 25 years? Good luck.
Ive been following this for awhile now, since 2018 and Have had so many people hellbent on believing the government will forgive loans on large 500k+ dental school debts. PSA: they can’t even do 70k forget about 500k.
For June:
Average loan amount for students forgiven? 70k. Percent of people getting loans forgiven since eligibility began 2 years ago? 1-2%. Everyone else eats dirt. This is a 10 year plan and basically locked people into low paying jobs and ballooning interest accruals without delivering on promises.
Planning on doing paye or repaye so the government bails out your 1 million dollar loan amount after 20 or 25 years? Good luck.
Ive been following this for awhile now, since 2018 and Have had so many people hellbent on believing the government will forgive loans on large 500k+ dental school debts. PSA: they can’t even do 70k forget about 500k.
