"Getting a Student Loan Forgiven Isn't Easy Even for a Public Service Lawyer."

August 29, 2019 General News Information

Meet the lawyer who had $38,000 in student debt forgiven — he’s one of just 5% of people who did it.

At one point in the process, Jeffrey Morgan discovered only about half of the payments he’d made since consolidating his loans qualified towards forgiveness

Over the past several months, politicians and pundits have debated the merits of mass student-debt cancellation. Jeffrey Morgan is one of the few to know first-hand what it’s like to have the government forgive your student debt.

‘It’s allowing me to pay rent and keep paying my private loans and not run out of money and not default on anything. That’s significant.’
—Jeffrey Morgan, who had $38,000 in student debt forgiven

Earlier this year, the 39-year-old attorney for Massachusetts’ Department of Mental Health had $38,381.32 in federal student loans discharged through the Public Service Loan Forgiveness Program, an initiative which allows borrowers who work for the government and certain nonprofits to have their federal student loans wiped away after 10 years of payments.

Having his debt discharged through the program required a combination of vigilance, attention to detail and patience — whether you’re looking at the traditional PSLF program or a temporary expansion to it that Morgan used, initial rejection rates are above 95%.

(Info continues from: https://www.marketwatch.com/story/meet-the-law-student-who-had-38000-in-student-debt-forgiven-and-hes-one-of-just-5-of-applicants-who-managed-it-2019-08-06?mod=hp_minor_pos19)

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