Source: Forbes

DeVos and the administration are seeking to end the public student loan forgiveness program. As part of a $5.6 billion cut to funding, Trump wants to end the program that was created in 2007.

Currently, the program forgives federal student loans for borrowers who are employed full-time in an eligible federal, state or local public service job or 501(c)(3) nonprofit job.

“The administration feels that incentivizing one type of work and one type of job over another is not called for,” said DeVos.

“And we have a demand in our over 7 million jobs going unfilled today, and favoring one type of pursuit over another type of pursuit philosophically doesn’t line up with where we are.”

DeVos argues that removing the program would help the government not have to forgive billions of dollars in student loans.

In the administration’s proposal, those who borrow beginning in 2021 would not be eligible for the program.

Read Full Story: Forbes

 

 

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Administration Seeks to End Public Student Loan Forgiveness Program

Education, News |