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More than 178,000 troops may be eligible for this student loan debt forgiveness benefit, watchdog says


More than 178,000 troops may be eligible for this student loan debt forgiveness benefit, watchdog says
Troops need more information about this student loan debt forgiveness program. (Michael Burrell)
Although many military members and Defense Department civilian employees could benefit financially from a 14-year-old federal student loan debt forgiveness program, the benefit is underused and misunderstood, according to a new report from government auditor.
Few have applied so far for the Public Service Loan Forgiveness program, and of those who have, about 94 percent have been denied, according to the report from Government Accountability Office, showing a need for more information about eligibility requirements. ....

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Labor Unions Want Biden to Cancel Student Debt for Public Service Workers, Report Says


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15 labor unions called on the DOE to fully cancel student debt for public service workers through executive action.
They cited problems with the Public Service Loan Forgiveness program, in which 98% of applicants were rejected.
This follows Biden s request for the DOE to prepare a memo on his authority to cancel up to $50,000 in debt per person.
Student-debt cancelation was a major theme of the 2020 presidential campaign, and the issue is only gaining momentum. On Thursday, 15 of the largest labor unions in the country called on Education Secretary Miguel Cardona to fully erase debt for borrowers who have worked in public service for more than a decade.  ....

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