re: Draft Education Dept. budget to possibly cut Public Service Loan Forgiveness Program

It's a free market. They need to go and work wherever the pay is right. I will contribute to charities of my choice, not charities/causes picked out by the government. My local DA's office is not one of my chosen charities, and I already pay a boatload of state and local taxes.

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These people have to make a decade's worth of payments and are working for under market value. Do you want your D.A's office to have good prosecutors? Your local VA hospital to have good doctors? Etc

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So then why don't they work somewhere else for full market value?

Isn't this program pulling good people out of the private sector and subsidizing their move to the public sector? Doesn't it encourage taking on loans that a person might not otherwise take, because they know they only need to repay 10 years worth? Doesn't this slow or limit one's ability to transfer between sectors, making the labor market less fluid?

If a huge student loan is the only way to acquire these jobs (it usually isn't) , then subsidizing those loans just makes it that much harder for someone to get into that field, especially if they don't want to work public sector. It jacks the prices up, and creates an over supply of skills the market didn't ask for, and won't pay for. It also reduces the perceived value of those without advanced degrees, which aren't necessary in most fields and for most jobs. Forcing older, established professionals back into school programs to keep up with younger people who took advantage of these programs and skewed the workforce. It just sucks people into the program and into government jobs, which we need fewer of to begin with. Now cutting government jobs becomes an economic disaster, and people have massive loans that they cannot repay outside of their government cubicles. People lives are hinging on this shite. The only answer will be the creation of more unnecessary jobs to prop up this bubble. It will never end.

Because of programs like this, education is more expensive, more people have more debt, and the incentive to work private sector is low for most people who take massive student loans. this is creating a surplus of people in taxpayer funded public jobs that are NOT resulting in production, but instead consumption of resources.