Reply to Trump will rollback student loan forgiveness

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[quote=Anonymous]Had my loans forgiven in 2022 due to PSLF. Thanks, Biden. Also thanks to Trump - loved my $0 qualifying payments during the COVID emergency that counted toward my 120 payments.

Betsy de Vos did everything in her power to block PSLF forgiveness starting in 2017 when the first wave of borrowers were supposed to be forgiven. Barely anyone got PSLF until Biden became POTUS and fixed the forgiveness process. For 3+ years under Betsy de Vos the federal government was welching on the terms of the contract with public service borrowers. Read that correctly: the federal government was in default on its contractual obligations to hundreds of thousands of borrowers. People kept paying their loans for YEARS longer than contractually required because the federal government was refusing to process loan forgiveness as required by the law + the federal government’s servicers had bad record keeping. In fact, those borrowers received checks from the federal government for huge amounts of overpayments (but without any interest).

Sadly, I believe the incoming administration will stop processing PSLF forgiveness and purposely gum up the process. It will take years of unnecessary litigation to get it functioning again. All out of spite and disrespect for a bipartisan law that created PSLF.[/quote]

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