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Tag: public service

Cornell Law Review Online

Mitigating the PSLF Disaster: Building a Borrower-Friendly Student Loan Forgiveness Program

Michael Slomovics, J.D., Yale Law School, 2021

In 2007, Congress promised student loan forgiveness to our teachers, public defenders, nurses, and other public servants. The bargain was simple: spend ten years in public service and your debt will be eliminated. Unfortunately for borrowers, the program turned out to be a disaster, with loan forgiveness denial rates as high as 99%. Individuals frequently…

Nov 2021

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