He just had $60,000 in student debt canceled — and the Education Department refunded him money.
Key Points
Jason Edwards, a communications professor, learned seven years too late that he didn't qualify for public service loan forgiveness. Then a surprise came. Last year, Congress authorized a $350 million "fix" to the public service loan forgiveness program, which gave him another change at applying.Jason Edwards and his wife, Amber, and his son, Robbie, a communications professor at Bridgewater State University in Massachusetts, learned seven years too late that he didn't qualify for public service loan forgiveness.
By the end, you need to have made 120 qualifying, on-time payments in an income-driven repayment plan or the standard repayment plan. Yet, like tens of thousands of other people who work in public service and carry student debt, Edwards had unwittingly not met one of the technical requirements all those years.to provide consumers with full, accurate information about the option. And the student loan system is famously complicated, with some 14 ways to repay your education debt, a web of forgiveness options and a soup of wonky terms such as "forbearance" and "deferment.
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