More than 73,000 people have applied for debt forgiveness this year, according to Education Department data, but just 864 have had their loans erased.
When Bonnie Svitavsky first heard about the Public Service Loan Forgiveness program, she thought she had finally found a way out of the large debt she had taken on to become a public librarian.
Congress created the program in 2007 with people like her in mind. The goal was to lure people into professions like teaching, nursing or public-interest law, where pricey degrees are the ticket of entry but wages typically aren’t high enough to pay them off.
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