PSLF

Big changes are coming for a long-standing student-loan forgiveness program.In 2007, Congress approved the Public Service Loan Forgiveness program, which is designed to forgive student debt for government and nonprofit workers after 10 years of making qualifying payments. It meant that student-loan borrowers who dedicate at least a decade of…

Eligibility for a major student-loan forgiveness program for public servants is officially narrowing.On October 30, President Donald Trump’s Department of Education announced the final rule to limit the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments.The rule delivers…