public service loan forgiveness + trump

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hope so as well!!

Really? What do you have against nurses, teachers, social workers?

Do you realize that physicians use this program too? My friends are counting on their med school loans being forgiven. I'm pretty sure we can afford to pay off our loans on our salaries. The forgiven amounts should at least be taxes as regular income. Otherwise I'm a freaking fool for paying off my 200k in student loans.

Sure, it's possible that there are some high earning professions like certain doctors for whom this is not justified. But for the lower paid professions like preschool teacher and social worker, it's a well-earned benefit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I hope so as well!!

Really? What do you have against nurses, teachers, social workers?

Nothing but they could have gone to community college and a state school and worked their way through. Why should I pay for their college choice? Or their career choice? Also plenty of attorneys use this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hope so

So people that have been working at lower paying jobs than they could get in the private, for profit sector for YEARS in order to be eligible for loan forgiveness should just be told to kick rocks?

I dont believe workers claiming they could make so much more in the private sector. Why don't they and pay off their loans then?

I am OP. I am a career government attorney making 105k. I could be making triple that in the private sector, but I wanted to work in public service.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hope so

So people that have been working at lower paying jobs than they could get in the private, for profit sector for YEARS in order to be eligible for loan forgiveness should just be told to kick rocks?

I dont believe workers claiming they could make so much more in the private sector. Why don't they and pay off their loans then?

I am OP. I am a career government attorney making 105k. I could be making triple that in the private sector, but I wanted to work in public service.

Haha but do many unemployed crappy attorneys get picked up by the government

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hope so

So people that have been working at lower paying jobs than they could get in the private, for profit sector for YEARS in order to be eligible for loan forgiveness should just be told to kick rocks?

I dont believe workers claiming they could make so much more in the private sector. Why don't they and pay off their loans then?

I am OP. I am a career government attorney making 105k. I could be making triple that in the private sector, but I wanted to work in public service.

Are there even enough jobs for everyone if they decide to move to private sector? Not everyone can do the same thing. If everyone decided to move into private, increased competition would reduce salaries there too. We need to incentivize working in public service to keep the proper balance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hope so

So people that have been working at lower paying jobs than they could get in the private, for profit sector for YEARS in order to be eligible for loan forgiveness should just be told to kick rocks?

I dont believe workers claiming they could make so much more in the private sector. Why don't they and pay off their loans then?

I am OP. I am a career government attorney making 105k. I could be making triple that in the private sector, but I wanted to work in public service.

Haha but do many unemployed crappy attorneys get picked up by the government

Again, how can you justify the government pulling the rug out from under people who have worked for years under the promise of loan forgiveness? Or is this just standard Trumponomics now, promise people something to get them to do work for you then refuse to pay up once they've completed the work?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hope so

So people that have been working at lower paying jobs than they could get in the private, for profit sector for YEARS in order to be eligible for loan forgiveness should just be told to kick rocks?

I dont believe workers claiming they could make so much more in the private sector. Why don't they and pay off their loans then?

I am OP. I am a career government attorney making 105k. I could be making triple that in the private sector, but I wanted to work in public service.

I'm a NP and former Fed. My first job outside of public service paid more than 1.5x my Fed salary, and after 3 years in the private sector I earn 3x my Fed salary. Don't believe us? Tehre is a CBO study that finds that professional and doctorate degree holders are underpaid in government posts:

https://www.cbo.gov/sites/default/files/112th-congress-2011-2012/reports/01-30-FedPay_0.pdf

Because my PhD is in a STEM field, the disparity is much greater than this study suggests. Not to worry, I guess. It seems likely that many of the jobs for advanced degree holders will be eliminated. Much better that they all leave government and spend their time working on the next dating app rather than tackling issues like climate change. Market forces and all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hope so as well!!

Really? What do you have against nurses, teachers, social workers?

Nothing but they could have gone to community college and a state school and worked their way through. Why should I pay for their college choice? Or their career choice? Also plenty of attorneys use this.

You clearly don't know many people who have gone the CC and state school route. They also accumulate student debt. My DD's nanny is currently doing just this in order to be a SW. She is also a single mom due to the fact that she adopted her DD out of an abusive situation (i.e. can you imagine a more selfless and deserving person?). Before working for us, she did accumulate student debt just through her CC classes. We are now paying the portion of her tuition for which she can't get grants...and I don't see why a public servant in her financial circumstance doesn't deserve the same.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hope so as well!!

Really? What do you have against nurses, teachers, social workers?

Nothing but they could have gone to community college and a state school and worked their way through. Why should I pay for their college choice? Or their career choice? Also plenty of attorneys use this.

Even going to state school (and Masters and JD) can equal very high debt levels for entry level jobs that are not high paying. The reason you should pay for their college choice is that having prosecutors, police officers, public defenders, teachers, and social workers, benefits us all.

[Anonymous]

Clinton Foundation???
https://www.irs.gov/charities-non-profits/charitable-organizations/exemption-requirements-section-501-c-3-organizations

And if you leave public service in year 11? If a DC resident gets over 9500 based on Georgetown cost v UDC? Holes in a good concept.

[Anonymous]

Back to the original question. Is anyone aware of the current structure of the program- can it be eliminated by exec order? Has Trump commented on it?

[Anonymous]

Anonymous wrote:Back to the original question. Is anyone aware of the current structure of the program- can it be eliminated by exec order? Has Trump commented on it?

It's part of the Higher Education Act, which takes years and years to be reauthorized. Trump has not said anything about it, far too in the weeds for even Clinton to mention. The only think Trump has said about higher ed finance/student loan repayment is actually quite progressive and even more generous than the current system.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Back to the original question. Is anyone aware of the current structure of the program- can it be eliminated by exec order? Has Trump commented on it?

It's part of the Higher Education Act, which takes years and years to be reauthorized. Trump has not said anything about it, far too in the weeds for even Clinton to mention. The only think Trump has said about higher ed finance/student loan repayment is actually quite progressive and even more generous than the current system.

So do you think the first group of eligible people will have loans forgiven in 2017 once they submit paperwork and certification?

[Anonymous]

I would hope there is a loan modification coming for everyone not just public service workers. The divide and special interests should stop.

[Anonymous]

To answer the OP's question:

I was told Trump's plan is to increase payments to no more than 12.5% of take-home pay (up from 10%) and 20 years of service (instead of 10) or at least this is one he is considering.

Please, note I did not fact-check this.