The bill also allows the public sector to retain employees that would ultimately have to work in the private sector long-run to make enough money to pay off their student loans. If the current 10 year loan forgiveness program didn't exist, I would not be able to afford to work at the not-for-profit I am currently with. I factored in the money I would be saving in the long-run on my student loans when I decided to stay with the company after graduation. I could easily make 20% or more working in the private sector, but was able to keep a more rewarding job I liked because of the loan forgiveness.
