Showing posts with label public service loan forgiveness. Show all posts
Showing posts with label public service loan forgiveness. Show all posts

Monday, October 29, 2012

A Creative Route to Student Loan Forgiveness?



Photo courtesy of stockfreeimages.com
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!