Feds warn cops, firemen and teachers: There’s no guarantee on student loan forgiveness

Public servants who’ve been told they’re eligible for a federal student loan forgiveness program have no guarantee that their debt will be wiped away, the Department of Education reiterated in a legal brief this week.

The brief, filed late Wednesday night, is part of a legal battle between four student loan borrowers, the American Bar Association and the government over the Public Service Loan Forgiveness Program (PSLF), an initiative that allows borrowers doing nonprofit or government work to have their federal student loans forgiven after at least 10 years of payments.

Teachers, social workers and others interested in taking advantage of PSLF often organize their entire financial lives and careers around the program.

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