SUNY faculty union urges expansion of loan forgiveness
The union that represents faculty at public colleges and universities in the state is seeking approval of a bill to ease New York’s student debt burden.
Student loan forgiveness has remained a nationally debated topic as President Joe Biden’s administration considers the scope of a potential move to reduce or potentially erase money owed.
“Every New Yorker deserves access to affordable, world-class higher education, but we know that too often programs designed to help students present unnecessary complications,” said UUP President Fred Kowal. “This bill addresses several well-documented barriers to entry into the PSLF, ranging from inconsistent definitions of program terms to confusion over program eligibility, that impede New Yorkers’ ability to participate in this program. vital.”
The supported measure by United University Professions would give full-time employment status to public employees who work at least 30 hours per week and expand eligibility for the federal public student loan forgiveness program. It is also intended to provide debt relief, cancellation or discharge. It would not be subject to tax or recompense debt relief being reported on individual tax returns.
The bill is introduced in the final days of the legislative session and is supported by State Senator Kevin Thomas and Congressman Harvey Epstein.
“Although the program is federal, there is a lot we can do in our state to make sure New Yorkers can get their debt forgiven,” Epstein said. “From applying a multiplier to teachers’ class hours so hours worked outside of class are more accurately reflected, to ensuring agencies can submit documents on behalf of workers to the federal government, our legislation will help more New Yorkers get their loans forgiven faster.”
The federal loan forgiveness program aims to encourage public service work by forgiving a portion of borrowers’ federal student loans. Borrowers must be full-time workers of an eligible public service employer.
“New York City officials have stood by us throughout the pandemic — it’s time to return the favor,” Thomas said. “This legislation opens a clear path to student loan forgiveness for New Yorkers who have made a significant impact in their communities and for those who serve their country, including teachers, veterans and first responders.”