And these servicers, Frotman found, with a big assist from the Education Department, were wreaking havoc with the Public Service Loan Forgiveness program.
Every time I read an article like that, I think one thing "the US is a fucked up country".
I studied for 6.5 years, got a federal loan called Bafög in which I get paid between 400-700 euros per month, an amount that is dependent on the income of my parents and the price of living in the city I am studying at. When my studies are over, I am give 5 years of time where I do not have to pay anything back, yet. Then I am given options to pay back a maximum of 10k euros. No matter how much I got, 10k is the maximum. In my case I got 15k euros in that time and had to pay back 10k. I opted to back it back all at once (savings and some help from my parents). And now I am debt free.
In parallel, students in the US are fucked. Is there even a way to come out of uni debt free? Or finish paying this back before you die? I read somewhere that if I have 10 dollars in my pocked and am debt free, I am better off than 15% of americans (link).
That is somehow fucked up. It feels like your economy, government and everything in that country is playing against the people instead of helping them out.
What I always wonder is. Why do people think that this is fine the way it is? Who wakes up in the morning and thinks "wow, I love how this country is treating me".