Americans have varying positions on across-the-board student loan forgiveness. But most voters support the cancellation of a portion of student debt for public servants: teachers, police officers, firefighters, social workers, and others who opted for low salaries to serve the community.
In 2007, the U.S. Department of Education (DOE) set up the Public Servant Loan Forgiveness program (PSLF). If you spent 10 years on the job and made regular loan payments, your loans would be erased. But from 2007 to 2021, very few benefited from the program. Only 16,000 out of 1.3 million seeking access actually received debt forgiveness: Applying for the relief was a convoluted process.
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I previously applauded the Biden administration for, in October 2021, reducing