The new data raises serious questions about the Education Department’s ability to process student loan forgiveness and repayment requests under IDR and PSLF.
Yes, some or all of your federal student loans may be canceled if you are eligible for the Public Service Loan Forgiveness Program (PSLF). The Department of Education oversees this program.
Here’s a breakdown of what borrowers pursuing PSLF should be on the lookout for in the coming months. Three lawsuits challenge new PSLF rules restricting student loan forgiveness There are now three separate pending lawsuits challenging the Trump administration’s proposed new restrictions on PSLF.
The fact sheet lists the types of loans that may be forgiven under the PSLF Program. If you have follow-up questions about the PSLF Program regarding the reduction or forgiveness of student loans, please contact your loan service provider.
A final regulation issued on Halloween has reshaped the Public Student Loan Forgiveness program "I have no expectation about whether they will or won't be tightened any further, but the new rule is clearly designed to tighten PSLF standards," said Thomas.
The Public Service Loan Forgiveness (PSLF) Program is for borrowers who work in public service in federal, state, tribal, or local government, or for a nonprofit organization.
The Public Service Loan Forgiveness (PSLF) program is a federal initiative designed to encourage careers in public service by providing student loan relief. This program forgives the remaining balance on certain federal student loans after a borrower has made 120 qualifying monthly payments while working full-time for a qualifying employer.
If you’re employed by a government or not-for-profit organization, you might be eligible for the Public Service Loan Forgiveness (PSLF) Program. The PSLF Program forgives the remaining balance of your eligible Direct Loans:
Public Service Loan Forgiveness has long drawn criticism because of high ineligibility rates fueled by strict and detailed requirements and miscommunication from federal student loan providers.
The Public Service Loan Forgiveness (PSLF) Program is for borrowers who work in public service in federal, state, tribal, or local government, or for a nonprofit organization.