New Student Loan Forgiveness Bill Could Help Millions

Democratic presidential candidate Kirsten Gillibrand speaks during the official kick-off rally of her campaign for US president on March 24, 2019 in New York. Here's what you need to know.Thursday, which would rework the current Public Service Loan Forgiveness program, a federal program that forgives federal student loans for borrowers who work in public service. The goal is to expand the number of people who can qualify for the program and receive student loan forgiveness.

The Public Service Loan Forgiveness program has come under fire from both Democrats and Republicans for its bureaucratic complexity, confusing guidelines,This new bill would make several changes to the existing program, including, among others:Currently, only Direct student loans qualify for public service loan forgiveness.Federal Family Education Loans , you need to consolidate these federal student loans into a Direct Consolidation Loan to qualify for public service loan forgiveness.

Help millions learn to be irresponsible

In the end “WE THE PEOPLE” pay the balance of the “forgiven” loans...😳

Forgiveness after only 5 years? I paid all mine back in like 6. Called a budget.

While the same bill will hurt hundreds of millions

This proposal is not well thought out. At all.

So subsidize the people who made a conscious decision to get into a large amount of debt on the backs of people that have already paid theirs back and those who decided to not get into that debt in the first place?

Another Dem stick it to the taxpayer scheme on top of the $95 Trillion Green New Deal, $35 Trillion Medicare for all, 'free' tuition, 'free' childcare, Soc Security for illegals, guaranteed basic income (for those who don't want to work), and on and on...

Is student loans the next economic bubble bluster to default?

They should incorporate low interest rates on private student loans.

I have an idea. Let’s make government bigger and let’s keep expanding the idea that when you borrow money you don’t have to pay it back. This is the answer to all our problems.

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