President Obama's 2015 Budget proposal will change the Public Services Loan Forgiveness Program, which forgives outstanding student loan debt for borrowers who work full-time in public service jobs and make 120 payments on their loans. The Budget provisions will force all new borrowers after July 1, 2015 to register for a new Pay as You Earn repayment program and will cap the amount of their loans forgiven at $57,500. Most PSLF enrollees have much more debt than that. Many spend over a decade in graduate school and in order to apply their skills in much needed government and educational positions. We have a moral responsibility to protect those who spend their lives bettering the country and its people. We cannot leave future public servants drowning in debt.
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