Episode 00 Who Is The Fit Institute And What Do We Do
Episode 05 Why Your Student Loan Probably Won’t Be Forgiven
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:16:14
- More information
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Synopsis
Episode 05 Why Your Student Loan Probably Won't Be Forgiven Minute 1:30 We need to talk about Public Service Loan Forgiveness (PSLF) because so many people go into debt believing they will not have to repay their debt in full. This is not correct. Creditors expect to be repaid. Minute 2:30: There are some loans that will be forgiven in part if certain conditions are met, e.g. teachers teaching in certain designated schools can have up to $5000 of direct loans forgiven if they have made five years of payments, in full and on time. Minute 4:30-8: Let's talk about Richard Fossey's 2017 book, The Student Loan Catastrophe Postcards from the Rubble, where he discusses at length the problems with PSLF programs, including subsidizing people getting degrees in fields that are overcrowded. Why should Americans subsidize people getting an education in an overcrowded field? Of course, people who have a degree in an area that requires professional licensing cannot practice their profession without the license. In 201