The now-three year pay freeze has squeezed federal employees in many ways, and student loans are just one of the many burdens thousands of feds face. One federal employee, Jessica Stroop, is hoping to draw the White House’s attention to this issue with a We the People online petition. The petition, which was launched April 2, calls for the government to reduce the balance of feds’ federal student loans by 2.2 percent for each year federal pay scales have been frozen, and for any future years of frozen pay. Stroop settled on 2.2 because it’s the average of the last…
Browsing: Student loans
Office of Personnel Management Director John Berry and Rep. John Sarbanes, D-Md., tomorrow morning will announce a new program to forgive the student loans of people who work in the public and nonprofit sectors for 10 years. Sarbanes’ Public Service Loan Forgiveness Option will cover civil servants, as well as teachers, some health professionals and public interest attorneys. And beginning July 1, people enrolled in the program might also be able to lower their monthly student loan payments based on a debt to income ratio. Take a look at this online calculator from the Education Department to find out if you might qualify for…