Last week, the Department of Education issued a request for information on the Public Service Loan Forgiveness Program to better understand how it can be corrected.
Members of the public are asked send written comments by September 24, the parts of PSLF that are most difficult to deal with, barriers preventing public service workers from seeking PSLF, and borrowers’ experiences with non-direct loans participating in PSLF.
“Fixing the PSLF program has been a priority for the Biden-Harris administration from day one,” Julie Deputy Secretary Margetta Morgan said in a statement. Blog post… “While we have identified many opportunities for improvement through talking with experts and borrowers and reviewing our procedures, we also want to hear from you.”
Government loan forgiveness is one of the topics the department is considering in relation to the upcoming regulation harmonization, and several speakers drew attention to how you can improve the program during a public hearing last month. The program, which is designed to forgive loans for those who have worked in the civil service for at least 10 years while paying off loans at the same time, did not work as expected. latest data Department data show that only 2 percent of the application forms processed so far meet PSLF requirements.