The Wall Street Journal – Josh Mitchell
“The federal government is preparing to forgive billions of dollars in student loans to doctors and other white-collar Americans with expensive educations, under a law designed to help modestly paid workers in public service. At issue is a 2007 program that forgives any federal student debt after a borrower has made a decade of payments, which are pegged to a low percentage of salary, while working for government or nonprofit entities. It was designed to encourage young Americans to pursue traditionally hard-to-fill jobs: public defenders, social workers, teachers and modestly paid doctors in underserved areas. But the program is encompassing far more workers than envisioned, many of them well-paid.”(more)