The one portion of this Xiden proposal I agree with is fixing PSLF. PSLF states very clearly that if you work with a government/non-profit in a disadvantaged area, or in education period, you qualify, and 120 payments made while in their employ (even if they are under PAYE/REPAYE and are pittance payments) forgives the loan.
That's a really simple trade offer. "Okay, you have a degree. Go work public sector for a decade, and we'll waive your loan." But it's an utter bitch to get DOE to admit you're eligible. I've got two years shy of a decade working for a government education entity... and DOE says that I do not qualify for PSLF.
The one portion of this Xiden proposal I agree with is fixing PSLF. PSLF states very clearly that if you work with a government/non-profit in a disadvantaged area, or in education period, you qualify, and 120 payments made while in their employ (even if they are under PAYE/REPAYE and are pittance payments) forgives the loan.
That's a really simple trade offer. "Okay, you have a degree. Go work public sector for a decade, and we'll waive your loan." But it's an utter bitch to get DOE to admit you're eligible. I've got two years shy of a decade working for a government education entity... and DOE says that I do not qualify for PSLF.