Kudos to Georgetown University Law School - Now this is a good idea!

[Are_grits_groceries]

From Daily Kos:

leevank's diary :: ::

Georgetown University Law School, in a move that I hope is copied by every other major law school in this country, has announced a plan under which graduates who are employed in the public or non-profit sectors for 10 years, and who make less than $75,000 per year, can have 100% of their student debt forgiven. Those who make somewhat more than $75,000 for a portion of this period can have something less than 100% of their loans forgiven.
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I KNOW, from personal experience, that the federal government (and state and local governments and non-profits) have lost some of their best potential advocates because those people simply can't afford to make their student loan payments and other expenses on the salaries those organizations offer.

This move by Georgetown was made possible, in signficant part, by the College Cost Reduction and Access Act, the principal sponsor of which was George Miller (D, CA-7), which limited payments on student loans to 10% of a student's income. After 10 years, Georgetown is forgiving whatever is left.

I hope this move is imitated not only by other major law schools, but by the major undergraduate institutions, and especially by medical schools. It should be a major source of national shame that college students can't afford to become teachers because their student loan payments won't permit it, or that medical students can't become primary care docs in underserved areas because they can't make enough to repay their student loans by doing so.

http://www.dailykos.com/storyonly/2009/11/16/213512/17

Doing good while doing well. Services that are needed would be strengthened, and students could be relieved of crushing debt. It would also give people a look at a different side of life before they became set in a career.

[OneGrassRoot]

1. Huge K&R! :) n/t