That has been diluting that count method much less than the goals, but over the past five, 6 months, as a result of this waiver, we have witnessed on 70,000 otherwise 80,000 some people that have today acquired public service loan forgiveness
Dr. Jim Dahle:
You’re basically at the end of this process, everybody’s getting PSLF that knows the rules and is qualifying for them. I think it’s probably time to maybe even phase out the idea of a PSLF side fund except to protect you from your own career changes. You think it’s too early to say that, Andrew? You think they still need to keep it in relatively safe stuff, at least some of it?
I think at this stage in the game, they’re close enough there. And if they’re just going to stick around in that position for two more years with the increase of people that are actually receiving public service loan forgiveness. A couple of years ago, it was like 3% or 4%, but over the last couple of months, we’ve seen that success rate move up to somewhere in the teens. And I’m assuming that that number will continue to go up that it’s a pretty sure-fire thing now that they’re going to get there and receive that loan forgiveness.
I definitely think they can start shifting their mindset towards some of their other financial goals like you had stated earlier. Saving for different things other than just putting money aside for this side fund.
Which was diluting you to amount ways much lower than what it is, but over the past four, six months, this is why waiver, there have been on the 70,100000 otherwise 80,100 some people that have today gotten public service mortgage forgiveness
Dr. Jim Dahle:
Yeah, for sure. It’s been interesting to watch the last few years as it becomes a trickle to more of an avalanche.