When Education Dept. Said Your Student Loan Would Be Forgiven, It May Not Have Meant It

[McFurd]

Consumer Reports - 3/31/2017 - Ashlee Kieler - One way to erase federal student loan debt is to work for the government or at a non-profit for 10 years. However, thousands of people who received notices from the Department of Education that their federal student loans were going to be forgiven through this program may still be on the hook for this debt, as the Department now says these notices are not binding. The revelation was made in a filing [PDF] by the Dept. of Education last week in response to a lawsuit that accused the agency of failing to keep its promise to forgive the education debts of public servants after 10 years. For those unfamiliar, in 2007 the government began offering a public service loan-forgiveness program that will forgive certain federal student loans for borrowers who work for government organizations and non-profit groups for 10 years and make 120 on-time monthly payments on their loans. Read more @ http://www.consumerreports.org/student- ... -promises/