Let's Forgive Student Loans in Exchange for Public Service

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The United States should seriously consider implementing a student loan debt forgiveness program modeled after the Post-9/11 GI Bill.

The moment I wrote the final check to clear my student loans after completing my master's program is one I'll never forget. It took nearly nine years of strict budgeting to eliminate over $100,000 in student debt while working as a public servant. While I felt relieved to be debt-free, I couldn't shake the unease caused by the exorbitant cost of tuition.

Any comprehensive expansion of student loan forgiveness should include full forgiveness for individuals pursuing careers in public service.If a borrower commits to serving in the Armed Forces, AmeriCorps, the Peace Corps, or other professions aimed at enhancing the public good , they should be eligible for complete debt forgiveness, without having to first make payments over 10 years, which the Public Service Loan Forgiveness program currently requires.

 

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