Public Servants Are Wiping Out Their Own Student Loans |
 https://www.daybreakinsider.com/wp-content/uploads/2022/04/AdobeStock_141368828-1024x681.jpeg 1024w, https://www.daybreakinsider.com/wp-content/uploads/2022/04/AdobeStock_141368828-768x511.jpeg 768w, https://www.daybreakinsider.com/wp-content/uploads/2022/04/AdobeStock_141368828-1536x1021.jpeg 1536w, https://www.daybreakinsider.com/wp-content/uploads/2022/04/AdobeStock_141368828-2048x1362.jpeg 2048w, https://www.daybreakinsider.com/wp-content/uploads/2022/04/AdobeStock_141368828-600x399.jpeg 600w, https://www.daybreakinsider.com/wp-content/uploads/2022/04/AdobeStock_141368828-450x299.jpeg 450w" alt="" width="400" height="auto" />On Tuesday, the Education Department announced steps to bring borrowers enrolled in the Public Service Loan Forgiveness (PSLF) Program and income-driven repayment (IDR) plans closer to relief through fixes to “longstanding failures,” per the press release. PSLF, which is intended to forgive student debt for public servants after ten years of qualifying payments, has failed borrowers over past years due to its high denial rate, and Federal Student Aid estimated the new actions will wipe out student debt for 40,000 of those borrowers(Business Insider). Albert Mohler: This would actually be a massive redistribution of wealth coming from other American taxpayers given to financially advantaged Americans when it comes to those who, after all, have had the opportunity to attend college, most of them graduated from college, they have the benefit of that education, and frankly, they took out that money with the pledge that they would pay it back (Albert Mohler). |
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