JeffDFD wrote:Wait...the first part mentions nothing about entering public service to get the loans forgiven. Maybe I missed something, but it looks like if you entere public service it goes from 10 to 5 years? So they are looking at forgiving all federal loans, regardless of the job?
I think I am missing something important here. What would stop someone who can afford school from just not paying for any of it out of pocket and just getting loans for as much as they can, thus getting more forgiven in the long run?
Well, I think that the lenders would be more reluctant to give out asinine loans (see the housing bubble/burst) and thus limiting the huge loans. But this is the gov't we're talking about. So who knows.