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Suspect Arrested in Arson at Pennsylvania Governor's Mansion, Officials Say; AZ universities thread needle to comply with Trump DEI order; National tally shows military arsenal among OH taxpayers' top expenses; Helicopter in Hudson River crash lacked flight recorders; Social Security cuts could impact one in six Coloradans.

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FEMA and other disaster preparedness agencies could face tough times due to budget cuts. Seeds preservation is in a precarious state under the Trump Administration and a new executive order undercuts states' powers on climate change.

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Trump's tariffs sow doubt and stress for America's farmers, rural Democrats want working class voters back in the fold, and a cancelled local food program for kids worries folks in Maine.

Total Student Debt Cancellation Possible for MT Nonprofit Workers

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Wednesday, August 31, 2022   

The Biden administration made a big announcement canceling student debt last week, but another program could be just as impactful for workers at nonprofit employers in Montana and elsewhere.

The Public Student Loan Forgiveness program erases debt for public service employees and those working at 501(c) 3 nonprofits after they have made at least 10 years of payments.

Tylyn Newcomb, membership manager for the Montana Nonprofit Association, explained the importance of the plan.

"For anyone working in public service, this program goes above and beyond the recently announced $10,000 or $20,000 loan forgiveness," Newcomb emphasized. "This has the potential to forgive all of your student loans, if you've been able to make 120 payments under the program."

A waiver put in place last year makes it easier to qualify for the program. Historically, it has been hard to meet the program's requirements. Between 2007 and 2019, only 1% of people who applied qualified. The deadline to apply under the simplified waiver process is Oct. 31.

Newcomb noted the program was set up with the acknowledgment people in the public and nonprofit sector tend to make less money than those in the private sector. She contended the Public Student Loan Forgiveness program is a way of showing appreciation for these workers.

"This has the opportunity to really lighten the burden of a lot of public service workers through loan forgiveness," Newcomb asserted. "And allow them to continue their employment in the public service sector."

Newcomb added there have been cases of people who made more than 120 qualified payments receiving refunds. The U.S. Department of Education said it has approved more than $10 billion dollars in debt relief for more than 175,000 Americans since the streamlined waiver was put in place 10 months ago.

Disclosure: The Montana Nonprofit Association contributes to our fund for reporting on Civil Rights, Environment, Health Issues, and Social Justice. If you would like to help support news in the public interest, click here.


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