AFT settles lawsuit against Education Dept. over loan forgiveness program | #Education

Congress created Public Service Loan Forgiveness in 2007 to entice college graduates to go into teaching, law enforcement and other public service jobs. The rules require borrowers to have received loans directly from the federal government, but until 2010, most federal loans were originated by private lenders. Applicants must also be enrolled in certain repayment plans, primarily those that cap monthly loan payments to a percentage of borrowers’ income. But most of those plans emerged only in recent years.

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