And then I think finally the only thing I want to talk about is another potentially unintended consequences of some of these programs designed to forgive loans. In 2007, Congress passed into law The College Cost Reduction and Access act of 2007... discharges any remaining debt after 10 years of full-time employment in the public service. The borrower must have made 120 payments as part of the direct loan program in order to obtain this benefit. (05:27–05:40)
CLAIM
Asserts that the 2007 act discharges remaining debt after 10 years of public service employment.
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