Is Public Service Loan Forgiveness a gamble?

[Anonymous]

What are the other risks of loan forgiveness programs? I assume they require you to live and work for relatively low wages in communities you may find undesirable for whatever reason (tiny, too far from family and friends, etc). Then what? I am not sure I would like an indentured servitude aspect myself. Even more restricting than regular debt.

[Anonymous]

She should do teach for America or some such, then I bet she’ll get into the state grad program.

Are you in MD? Have her do TFA in Baltimore.

[Anonymous]

My daughter’s were forgiven. She only had about $12,000. She taught (special ed) in Virginia for five years and about 2/3 of it was forgiven. She paid the rest off herself. She had the option to have 100% forgiven after 10 years.

[Anonymous]

Anonymous wrote:She should do teach for America or some such, then I bet she’ll get into the state grad program.

Are you in MD? Have her do TFA in Baltimore.

Umm, you don’t just “have” someone do Teach for America. It’s a highly selective, extremely intense program that only selects less than 15% of those who apply.

[Anonymous]

Anonymous wrote:

Anonymous wrote:She should do teach for America or some such, then I bet she’ll get into the state grad program.

Are you in MD? Have her do TFA in Baltimore.

Umm, you don’t just “have” someone do Teach for America. It’s a highly selective, extremely intense program that only selects less than 15% of those who apply.

No duh.

She can apply for TFA or a similar program. It’s an impressive way to spend a gap year or two before reapplying for grad school.

She could also teach at a private or charter school in a rural or inner city school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:She should do teach for America or some such, then I bet she’ll get into the state grad program.

Are you in MD? Have her do TFA in Baltimore.

Umm, you don’t just “have” someone do Teach for America. It’s a highly selective, extremely intense program that only selects less than 15% of those who apply.

No duh.

She can apply for TFA or a similar program. It’s an impressive way to spend a gap year or two before reapplying for grad school.

She could also teach at a private or charter school in a rural or inner city school.

No thanks. If you want to be a teacher, become a teacher. We don’t need or want people — particularly in inner city schools — who are merely spending a year at our schools as a box to check off before they move on to bigger and better things. Just...no.

—graduate of an “inner city” school

[Anonymous]

How do you think the election will go?

There ya go.

[Anonymous]

Anonymous wrote:My daughter’s were forgiven. She only had about $12,000. She taught (special ed) in Virginia for five years and about 2/3 of it was forgiven. She paid the rest off herself. She had the option to have 100% forgiven after 10 years.

Technically they were paid on her behalf, I think. A state cannot forgive federal debt. Glad she is done.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My daughter’s were forgiven. She only had about $12,000. She taught (special ed) in Virginia for five years and about 2/3 of it was forgiven. She paid the rest off herself. She had the option to have 100% forgiven after 10 years.

Technically they were paid on her behalf, I think. A state cannot forgive federal debt. Glad she is done.

This was either a state loan repayment program or Teacher Loan Forgiveness, which is federal. The amount doesn't fit with TLF, however.

[Anonymous]

Update: she actually ended up getting off the wait list for a state school. She should be able to cover coa with federal loans only.

[Anonymous]

I would call this a gamble, yes.

[Anonymous]

Big story about this subject tonight on 60 Minutes

https://www.google.at/amp/s/www.cbsnews.com/amp/news/student-loan-debt-forgiveness-public-service-60-minutes-2021-10-03/