The education department is claiming it doesn’t need to honor agreements to forgive loans after 10 years of public service. And they claim their decision can have retroactive effect.
“The idea that approvals can be reversed at any time, with no explanation, is chilling for borrowers. Mr. Rudert, who graduated from law school owing nearly $135,000 on student loans, said he would have picked a different employer if he had known that his work at Vietnam Veterans of America would not qualify.”
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