Just learned about this tonight. It's shocking. In 2007, a law took effect: if you worked in public services & made student loan payments on time for 10 years, you'd get loan forgiveness. In 2017, first wave of people became eligible. Guess what Trump did?
cnbc.com/2018/09/21/the…
cnbc.com/2018/09/21/the…
Out of 30,000 public service applicants, the Trump/Devos team forgave the student loans of only 96 people. That's a 99.68% rejection rate. Can you imagine deciding 10y ago to take lower salary & work in public service, counting on loan forgiveness—only to get this rejection now?
A friend of mine, encouraged by the Public Service Loan Forgiveness program, has been working in public interest jobs for years—and is now suddenly rethinking life plans. Right now, there are 550,000 student borrowers in the program. + who knows how many who'd planned to enroll.
Get caught up. The headline on this crucial story perfectly captures the feeling: "The Incredible, Rage-Inducing Inside Story of America’s Student Debt Machine." By @ryannliebenthal in @MotherJones, edited by @ClaraJeffery motherjones.com/politics/2018/…
And read this @ronlieber column, "A Student Loan Nightmare: The Teacher in the Wrong Payment Plan." This helped spark @SenWarren to push for a student debt forgiveness fix earlier this year. (Trump, natch, has been slow-walking implementation.)
nytimes.com/2017/10/27/you…
nytimes.com/2017/10/27/you…
Want to fight the student debt crisis? Get involved in @DebtCrisisOrg, follow @mcbyrne, and sign the @AFTunion petition accompanying its class-action suit against Navient's student loan fraud here:
actionnetwork.org/letters/stop-s…
actionnetwork.org/letters/stop-s…
