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borrower. it s a game-changer. we re also fixing what is called this has been the bane driving me crazy when i was out of office. this program forgives student loans to encourage students with loans if they go into public service. think of the millions that are. public school teachers. local police officers, workers at local charities, members of the military and national guard. think of the folks that work for federal, state, local governments, responding to national disasters. all of the firefighters and cops. the program is designed so that if you serve in one of these jobs you ll be able to actively assist whether you do and make your loan payments for ten years even if it s not consecutive years. your remaining balance will be completely forgiven. it s a great idea, but the program is a mess. it s so inefficient and complicated. too many people give up. think of a service member, deferring their student loan payment while they re deployed. the system is so restri ....
Be ripped off left with mountains of debt. my predeceood reason, and didn t do anything about this fraud. my administration is taking it on. for example, the department of education works with private education associations to a credit colleges and universities so they can receive federal aid. well, last week the department of education fired a college acreditor that allowed colleges like itt and corinthian to defraud borrowers. combined with our emergency actions, the public service forgiveness program and other actions we ve taken, we ve been able to cancel more than $32 billion of student debt for 1. 6 million borrowers including those defrauded by these bad-acting schools. our goal is to shine a light on the worst actors so students can avoid these debt traps. now, i understand not everything i m announcing today will make ....