Student Loans Got You Down?

Now unemployed j-school grads (and the rest of us) can qualify for a little relief, thanks to a new program from the Department of Education.

Starting last week, anyone with a federal student loan can apply for a program that caps monthly payments based on income and family size and forgives whatever’s left after 25 years. Work in public service—teaching, for the government, or for any nonprofit—and that forgiveness happens in 10 years.

This’ll probably cost the government a fair amount of money, but student loans are crippling America’s workforce. And it’s not a new trend that kids with a passion for, say, teaching music in inner-city schools are becoming lawyers and electrical engineers instead.

Scope the video the government’s a nonprofit’s put out promoting the government’s new program. Then head over to the web site IBRInfo.org to see if you qualify.