Meet 2 married couples who are blocked from a student-loan-forgiveness program because they were advised to combine their debts years ago
Russell and Kate Case were told that consolidating their student loans would be the best option for them.
While their incomes are sufficient to support themselves and their families, the public-service work is not generally high-paying, to the point that monthly student-loan bills cut into spending on other basic necessities. It's now clear to Russell and Kate that consolidating their loans was not the best option for them, and they have since refinanced some of their debt into private loans with a lower interest rate. But they said they're holding out some hope that those like them will be noticed by lawmakers, leading to a change in the law.
LeRoy, like the Cases, does not live beyond her means. She is simply unable to adequately service her debt load at her current salary.
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