ENTRY 10: Loan Forgiveness Program an Example of Federal Trick-or-Treat
1. Summary of article – what is article about? (brief – do not tell the entire story) CNBC's article by Annie Nova is a brief exposition on the terror that the Federal Loan Forgiveness program turned out to be for many, many people. The program that was enacted in 2007 was designed to forgive the loans of those who served in the public capacity for ten years and made one hundred and twenty on-time payments toward their loan. in 2017 the first patch of people who thought they qualified applied. The shocker came when only 96 of the 30,000+ people that applied had their loan forgiven. The article went on to share the experience of two people's loans were not forgiven. One story is of an authored professor and the other of a librarian. The professor found out that his payments and time were invalid because of the payment schedule he had been on. There are many to choose from but only 5 qualify (1 of those 5 would see the payee fully paying ...