My state previously offered teacher loan forgiveness, but since then has reneged on this commitment. How certain is it that public service loan forgiveness will still exist ten years from now?
Public service loan forgiveness is authorized by federal law (the College Cost Reduction and Access Act of 2007). While nothing prevents Congress from repealing this provision, it is highly unlikely that they would do so without either grandfathering in current students or replacing it with a similar benefit. • I’ve worked in a public service career for the past ten years. Can I get my federal student loans forgiven now? The ten-year clock for public service loan forgiveness starts on October 1, 2007 or the date you start repaying your loans in the Direct Loan program while working full-time in a public service job, whichever comes later. Thus this benefit is on a going-forward basis only, and does not give retroactive credit for past employment in public service. • What is a public service job? Does this mean working for the government? Public service jobs include teachers, first responders (policy, fire, EMT), public librarians, social workers, public defenders and prosecutors, and p
Related Questions
- My state previously offered teacher loan forgiveness, but since then has reneged on this commitment. How certain is it that public service loan forgiveness will still exist ten years from now?
- Are there certain loan statuses that make a loan ineligible to be purchased under the Loan Purchase Commitment Program?
- Are there teacher loan forgiveness programs in Washington?
