Dems Propose Expanded Student Loan Bailouts For Government Employees

Then-Democratic presidential candidate Joe Biden talks to Rep. James Clyburn, D-S.C., at a primary night election rally in Columbia, S.C., Feb. 29, 2020 after winning the South Carolina primary. President Biden has frequently referenced the critical role South Carolina played in his nomination. He points to his decades-long relationship with the state whose Black voters handed him a major win at a desperate time for his Democratic campaign. But, in recent interviews with The Associated Press, some Black voters in South Carolina who supported Biden reluctantly — or not at all — say they’re unimpressed and even dispirited. (AP Photo/Gerald Herbert)

At a glance

  • Democrats are pushing new legislation to expand the Public Service Loan Forgiveness Program as a means to get more young people to work for the government.
  • The PSLF “discharges any remaining federal student loan balance after borrowers make 10 years’ worth of payments,” according to the financial website Nerdwallet.
  • “The average balance of borrowers whose loans were discharged under PSLF was $63,962,” Nerdwallet reported.

 

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