Monday, June 23, 2014, President Obama made an executive order to help relieve student loan debts. This law makes it possible to get your debt forgiven in as little as 10 years. The law, as it broadly applies, allows for loan forgiveness in 20 years, not 25 years and makes reducing payments easier for students. The kicker though, is that if you get a job in public service.
According to Marketwatch.com, this order is called the Public Service Loan Forgiveness Program. It says, “borrowers may qualify for forgiveness of the remaining balance of their Direct Loans after they have made 120 qualifying payments on those 
loans while employed full time by certain public service employers.” In order to qualify for this act, one must work at least 30 hours a week in public service, government, or in a non-profit job. Certain for-profit organizations that deal with public interest or elderly and child services also qualify for this act.
For many people, student debt is unmanageable when they leave school. This program allows for people to enter an industry that actively gives back to the community to pay your debt. This move will attempt to allow people who leave school with serious debt to have some options upon leaving school. Rather than having to enter the workforce immediately and wherever you can so that you can pay off loans, this allows people to take lower paying jobs and still be able to pursue a debt-free future.
There are many other factors that are going into this law. Some believe that this will help alleviate rising tuition fees, while others think this is simply a temporary solution to ignore that problem. There are some who want to cap the amount of debt for which you can be forgiven, while others have problems with this concept. Regardless of all of the details that need to be ironed out, the Public Service Loan Forgiveness Program increases the flexibility of options fro students who graduate with loans.