According to new data obtained by Jobs With Justice Education Fund, only 1 percent of potentially eligible borrowers are currently enrolled in the U.S. Department of Education’s Public Service Loan Forgiveness program. More than 33 million Americans, including teachers, emergency personnel, social workers, and those employed at nonprofit organizations stand to benefit from the program, but are missing out on tens of thousands of dollars in relief, simply because the Education Department and loan servicers have failed to promote the program at a basic level. This brief provides analysis of the enrollment data, as well as potential solutions to the under-enrollment and misinformation that has kept borrowers from realizing the benefits of Public Service Loan Forgiveness.
BRIEF: The Unmet Promise of Public Service Loan Forgiveness and How to Fix It
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