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Monday, October 29, 2012
A Creative Route to Student Loan Forgiveness?
I came across this comment on All Education Matters today in response to Cryn Johannsen’s post about AEM’s two-year anniversary:
“Has this blog done anything? I'm thinking that this entire AEM is a pretend nonprofit that you "work" for so that you can get your student loans forgiven after a decade! Right?”
It got me thinking…why not? Have any borrowers actually thought of going this route? Wouldn’t it be wonderfully ironic if student debtors had their loans forgiven by starting non-profits that fight against the student lending industry? Here’s a link to the eligibility requirements for public service loan forgiveness.
I know one of the requirements is that the borrower must work “full-time” for a non-profit, but it doesn’t give a definition of “full-time.” I’m sure some un(der)employed JD out there will find a loophole somewhere!