Eliminate Public Service Loan Forgiveness (PSLF), Argues WSJ [Forbes]
News Corporation - Class A (NWSA)
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Source: Forbes
Getty Images Eliminate Public Service Loan Forgiveness? A recent Wall Street Journal calls for eliminating the Public Service Loan Forgiveness program. The piece "A Student-Loan Write-Off to Repeal" argues that PSLF has veered far from its original purpose and should be scrapped. The WSJ editorial board notes that PSLF's "supposed goal was to help government and nonprofit employers compete with private businesses that can pay more."? However, the editors claim the reality is quite different. "Instead, it rewards a politically favored group of workers and can make it harder for private businesses to compete," it writes. The Journal's message is clear: PSLF represents a massive write-off of student debt for a select class of borrowers at taxpayers' e
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