In 2007, the Public Service Loan Forgiveness (PSLF) program was a program created to relieve the debt burden placed upon students who qualified with either a government or nonprofit public service job and also made payments diligently for ten years. After this ten-year period, the remaining balance of the student’s [...]
According to a Washington Post article that cites a report released by the Consumer Financial Protection Bureau (CFPB), FedLoan Servicing has struggled with “flawed payment processing, botched paperwork, and inaccurate information.” This has interfered with public service workers from receiving student loan forgiveness granted by the Public Service Loan Forgiveness [...]
The current administration has made it very clear that it wants to make serious budget cuts to educational programs, doing more with fewer taxpayer dollars. One of the programs that could be on the chopping block is the public service loan forgiveness program (PSLF). It was originally enacted under the [...]
