Public Service Loan Forgiveness (PSLF)- A potential Game Changer

Last week's Supreme Court Decision on Loan Forgiveness, related to the one time relief of up to 20K to over 40 million people, was unfortunately another example of why we need to educate ourselves about our history in the united states. African Americans and specifically African American women have historically been the recipients of substantial loan debt which makes it virtually impossible to catch up to our majority counterparts in the workforce and in our homes. Spending 30+ years trying to repay loans along with trying to establish financial stability is all but daunting when trying to raise a family and buy a home. The reality is that while we made strides securing education that our parents hoped would give us a better life, the obstacles associated with starting with substantial debt makes financial security and generational wealth not impossible, but extremely challenging. Without counter actions such as the one time loan forgiveness relief or other programs such as student loan forgiveness for those in public service there is literally no breathing room for this group of individuals. African Americans has been historically disadvantaged and these programs attempt to give a little of that disadvantage back. It was very disappointing to have the majority of the Supreme Court miss the point in their analysis of the law. I was proud to see that at least a segment of the court vocalized the need to remember that law is not actually fact. We strive to be a better racially neutral nation, but we are not. I encourage everyone to look to the past so we dont repeat those sins. I also encourage everyone to look for all the options in this struggle to eliminate disparity in educational debt. Seek education but do it the smart way for example explore institutions that are affordable, work for companies that will help you pay for advanced education and consider the military. We have to find a way to relieve this burden. #Knowyourhistory #bridgethegap

To Learn more about Public Service Loan Forgiveness go to: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service