The student loan crisis has gotten so bad, teachers are suing the federal government

America has a trillion-dollar student debt problem, and one group of borrowers has had enough.

Teachers across America have gotten so frustrated with low pay and a broken federal loan forgiveness system — which supposedly forgives loans for people working in qualifying public service jobs after a decade of payments — that they’ve decided to sue the Department of Education (DOE).

The American Federation of Teachers (AFT), the second-largest teachers union in the U.S., alleges that the government’s loan forgiveness program for public service workers does not function properly, and calls for a fix.

“The very agency that is supposedly the champion of our nation’s education system has failed to live up to its role in administering this Program,” asserted the lawsuit, which was filed in July.

The Black Financial Channel is a news and business channel designed specifically for the African American community. We give daily financial updates on stock markets, investing and other related topics that appear in financial news.

The Black Financial Channel is sponsored by The Black Business School. To join The Black Business School and get started for free, please visit TheBlackBusinessSchool.com. You can also get free financial tips, advice and information from Dr Boyce Watkins by visiting DrBoyceWatkins.net

source