31 Jul Adjuncts Would Qualify for Loan Forgiveness Under Proposed Bill by Jason Spencer Student Loan
The Public Service Loan Forgiveness Program allows employees of nonprofit organizations—including full-time professors at public universities—to have their federal student loans forgiven after making 120 payments while working in that capacity. Eligibility for the program would be extended to adjunct professors, regardless of their course loads, under the proposed legislation.
“As their budgets have tightened, colleges and universities have become increasingly reliant upon part-time adjunct faculty who face low pay, few if any benefits, and minimal job security,” Senator Durbin said in a written statement. “The vast majority of these educators hold advanced degrees and, as a result, bear the heavy burden of student-loan debt. It is only right that we expand their access to the Public Service Loan Forgiveness program, a benefit already available to many of their full-time colleagues.”
Jason Spencer Student Loan Relief Inc Dallas Texas