The DoE has announced plans to overhaul the PSLF program to help more public servant’s qualify for loan forgiveness.
Written by James Park
Updated on October 6, 2021
Original PSLF program, implemented in 2007, has been met with criticism for its failure to live up to its promise of loan forgiveness for public servants.
New overhaul will temporarily allow previously denied/ineligible payments to count for forgiveness if the borrower was working for an eligible employer.
Requirements for correct loan type, loan plan, payment amount, and payment date are being relaxed to facilitate loan forgiveness.
To benefit from these temporary changes, borrowers must apply for PSLF before Oct 31, 2022.
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