Why You Shouldn't Count Student Loan Forgiveness Into Your Finances

A debt forgiveness program for student borrowers sounded promising: Work in a public service sector for 10 years while making on-time loan repayments. Then--after a decade of working as, say, a nurse, police officer, teacher, social worker, first responder, or in some other public sector service job--have your remaining student loan balance erased. But, since the Public Service Loan Forgiveness (PSLF) program began accepting applications a year ago (it was established in 2007), more than 99 perc...