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Why you should think twice before relying on public service loan forgiveness

ShindelRock has recently had several clients in their residencies contemplate working for a certain hospital because of the possibility of student debt cancellation under the public service loan forgiveness program.

As a word of caution, a recent CNBC article [1] highlighted that the Education Department reports that it has forgiven fewer than 100 loans under the program. Even consumer advocates with low expectations of the program were surprised by the newly released data.