April 26, 2018
Kim Dancy was quoted in Inside Higher Education about the Pentagon's opposition to ending Public Service Loan Forgiveness:
Many borrowers who may be on track for it, however, may not have filed the form. And others who have may not quality for loan forgiveness after 10 years because of factors like a career change.
“The way this program is designed makes it super, super complicated to figure out who is expecting forgiveness and who is actually going to get it,” said Kim Dancy, a senior education policy analyst at New America.
Dancy said the academic research into loan forgiveness as a recruitment tool for employers is also limited. But her own analysis for an upcoming project examining earnings across employment sectors found that, as individuals attain higher levels of education, they see a higher wage premium for going to work in the private sector.
Loan forgiveness could be a valuable tool for public agencies looking to retain highly educated employees in particular, she said.