64-year-old can't get PSLF student-loan relief after paying for decades

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Meet a 64-year-old therapist who's been making student-loan payments for decades while working in public service — but still hasn't gotten loan forgiveness

Greg Ogden doesn't regret taking out his student loans. He just never anticipated he would be paying them off for so long.

But after an unanticipated forbearance period because of his divorce a few years after he started repayment on his graduate-degree loan — in which he was not making monthly payments but interest was still growing — Ogden found his balance was growing beyond what he originally borrowed. Now, he said he owes about $25,000 in student debt, and he's frustrated it's still hanging over his head at this point in his life.

"I have no idea when I'll be done," Ogden told Insider."I'm happy my wife won't have to worry about this if I die because I guess it can't go after a spouse. But I've had this hanging around my neck longer than it should have."announced temporary reforms to PSLF But in April, he said he received a letter that his application was rejected because he had failed to properly certify one of his public-service employers. While the Federal Student Aid officeto certify employment by allowing digital signatures following issues with applications being rejected for minor errors, those reforms are still a work in progress. Ogden said his only option right now is to reapply for PSLF and hope for the best.

 

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