It's the pslf program, law passed in 2007, it's not the same thing as the "lol let's forgive 20K just because" Biden program that SCOTUS shot down
Basically it's: refinance for 25 years, make 120 on-time monthly payments while working for non-profit/public service and they'll forgive the remaining years. The benefit only activates at the end, so if someone leaves early they still have to keep paying their entire loan back. (This also means if you leave public service for a few years and come back, you get to unpause the clock)
The PSLF ends up being a net positive to tax payers because it keeps government wages and turnover training costs down that such an extent that it's better than paying the loan back
Trump doesn't have an issue with this program, it just became political because he was the first one who had to deal with it in 2018 and there was a lot of confusion and the left media got mad in 2018 and the right media use it as a way to bash Biden in 2024. Trump eventually cleared it up and now it works as intended, Biden is just continuing it as required
It's the pslf program, law passed in 2007, it's not the same thing as the "lol let's forgive 20K just because" Biden program that SCOTUS shot down
Basically it's: refinance for 25 years, make 120 on-time monthly payments while working for non-profit/public service and they'll forgive the remaining years. The benefit only activates at the end, so if someone leaves early they still have to keep paying their entire loan back. (This also means if you leave public service for a few years and come back, you get to unpause the clock)
The PSLF ends up being a net positive to tax payers because it keeps government wages and turnover training costs down that such an extent that it's better than paying the loan back
Trump doesn't have an issue with this program, it just became political because he was the first one who had to deal with it in 2018 and there was a lot of confusion and the left media got mad in 2018 and the right media use it as a way to bash Biden in 2024. Trump eventually cleared it up and now it works as intended, Biden is just continuing it as required