Oregon borrowers learn of possible relief through revised student loan repayment program
November 30, 2021
A long-time program promised to forgive federal student loans for people who have worked in public service and made loan payments for 10 years. But that's not the way the Public Service Loan Forgiveness program, or PSLF, has worked for borrowers. "The Public Service Loan Forgiveness program passed back in 2007, and it was really intended to encourage students to pursue public service, and the benefit was that discharge of the balance after paying for 10 years," Rep. Bonamici said during a webinar she hosted late Monday afternoon. "Unfortunately for many … the Public Service Loan Forgiveness was an empty promise."
Issues:Consumer ProtectionEducation