Attorney General Weiser calls the federal move on loan forgiveness appalling as Colorado joins a multi-state lawsuit.
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Colorado has joined 21 states in suing the U.S. Department of Education over changes to a student loan forgiveness program that gave government and nonprofit employees student loan relief after 10 years.
The Public Service Loan Forgiveness program has promised since 2007: Work 10 years in public service — as a teacher, nurse, police officer, or domestic violence prevention worker for example — and your loans are erased. The program was established with bipartisan support by Congress and signed into law by then-President George W. Bush. The program forgives borrowers’ remaining federal student loan debt after 10 years of qualifying public service and consistent payments.
