Trump's administration proposed new rules to limit eligibility for the Public Service Loan Forgiveness program, impacting government and nonprofit workers. The public comment period is open until September 17. Proposed changes redefine "public service" and could block individuals based on employer actions deemed anti-American. Borrowers may lose credit toward forgiveness for work performed after their employer is deemed ineligible. The rules intend to provide advance notice and transparency while mitigating harm to borrowers within the program.
The proposal could block or delay relief for some borrowers under the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers.
Trump's administration seeks to narrow eligibility for the PSLF program by redefining what constitutes 'public service' and removing eligibility based on employer activities.
The proposed rule states that after the effective date of ineligibility, borrowers would no longer receive credit toward loan forgiveness for any months worked.
The proposed regulations include advance notice, transparency, and employer recertification pathways in an effort to mitigate unexpected harm to affected borrowers.
#public-service-loan-forgiveness #trump-administration #student-loan-forgiveness #federal-regulations #borrower-eligibility
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