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re: Draft Education Dept. budget to possibly cut Public Service Loan Forgiveness Program
Posted on 5/18/17 at 10:21 am to Wally Sparks
Posted on 5/18/17 at 10:21 am to Wally Sparks
quote:
Education Department encourages (but does not require) borrowers to submit forms certifying that they work for a qualified employer in order to keep track of their progress.
What? They're just putting borrowers in the program with no verification that they qualify?
quote:Would this include political workers for PACS, campaigns, etc.?
can include work for government organizations or tax-exempt nonprofit groups, among other employers in the nonprofit sector
2
Posted on 5/18/17 at 10:30 am to TigerTattle
quote:Well unless they work 120 months in a public service job, then they don't qualify for forgiveness. The jobs above are usually temporary so it would take a long time.
Would this include political workers for PACS, campaigns, etc.?
Posted on 5/18/17 at 8:25 pm to TigerTattle
quote:
Would this include political workers for PACS, campaigns, etc.?
No. The rules are quite strict. Non-profits are heavily restricted in the program. almost none qualify. Program is almost exclusively for government agencies.
But this is total BS. Government makes a promise. People work for 10 FRICKING YEARS in a lower paying job on the premise that their loans will be forgiven. They could and would make, no joke, 10X their salaries in the private sector. But this is a program that helps attract top talent.
Just abhorrent.
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