She's married and lives with her husband, stepson and 10-month-old daughter. After starting off with ,000 in loans, she has ,000 left to pay off.She took out a 15-year loan, but she's hoping to pay it off next year, 12 years after she took it out.
Only the amount of the unpaid refund will be discharged.Peńa says she wishes someone had given her that advice — that maybe she'd have gone to a cheaper state school."It's just like this suffocating debt," says Ashley Castelli, a middle school language arts teacher who lives near St. She has been a teacher for five years and borrowed ,000 to get her bachelor's degree. "I don't ever look at myself as a teacher making enough money to get ahead of the loans that I had to have for the degree that was required for my job." She thought about enrolling in the Public Service Loan Forgiveness Program, but she doesn't want to pay less per month and have that program go away.The rules make it easier for defrauded borrowers to seek out debt forgiveness, and they prohibit schools from requiring private arbitration, which is costly and overwhelmingly works in favor of large companies.But now Secretary of Education Betsy De Vos is trying to roll back those Obama-era rules, which were set to take effect on July 1.