| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30208 |
| 来源ID | Working Paper 30208 |
| Waivers for the Public Service Loan Forgiveness Program: Who Would Benefit from Takeup? | |
| Diego A. Briones; Nathaniel Ruby; Sarah Turner | |
| 发表日期 | 2022-07-04 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | For workers employed in the public and non-profit sectors, the Public Service Loan Forgiveness (PSLF) program offers the potential for full forgiveness of federal student loans for those with 10-years of full-time work experience. In practice, the benefits of the PSLF program have been illusory for many. In the first year of eligibility for forgiveness (2017), only 96 borrowers claimed benefits and even by the end of April of 2022 only 130,730 had received benefits. Administrative problems related to the certification of public service employment and the determination of qualifying loans led the Department of Education to issue temporary waivers (which expire in October of 2022) which essentially provide a path to forgiveness retroactively. In this paper, we explore the overall impact and distributional implications of potential full participation in loan forgiveness enabled by the PSLF waiver program using the 2018 Survey of Income and Program Participation (SIPP). Our estimates identify more than $100 billion in loan forgiveness available to as many as 3.5 million borrowers through the PSLF waiver program. Potential beneficiaries of this initiative are disproportionately employed in occupations like teaching and health care. Full take-up of the PSLF waiver would lead to a narrowing of the racial gap in student debt burden. However, the distribution of potential benefits of the PSLF waiver depends critically on the extent to which those with high income or advanced degrees are differentially likely to take-up benefits conditional on eligibility. |
| 主题 | Health, Education, and Welfare ; Education |
| URL | https://www.nber.org/papers/w30208 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587880 |
| 推荐引用方式 GB/T 7714 | Diego A. Briones,Nathaniel Ruby,Sarah Turner. Waivers for the Public Service Loan Forgiveness Program: Who Would Benefit from Takeup?. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w30208.pdf（875KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
