The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Debt Forgiveness?
Not!

Apr 3, 2017

In 2007, the federal government set up a program to forgive student-loan debt for people who work ten years in a public-service job. Over 500,000 people who work for public schools, museums, public hospitals, non-profits, or as firefighters were already supposedly approved for the program. Millions more are eligible.

Now that the first wave of these people have worked ten years in public service – the government is going back on its promise. Thousands of approval letters have been sent out – but the Education Department says they are not binding. It had the nerve to suggest that borrowers could not rely on the program’s administrator to say whether they qualify for the program or not!

Many of these workers owe tens or hundreds of thousands of dollars. If they have to pay the debt themselves – debt they accumulated in order to get the education they needed to work these public service jobs – these workers will lose hundreds of dollars out of each paycheck.

Imagine if the government instead decided not to pay for the weapons it agreed to buy. Or if the government decided not to give out all the “incentives” they promised to corporations. Of course, they would never do that – because they serve those corporations, not us!