Tag Archives: Public Service Loan Forgiveness Program

News Update: Public Service Loan Forgiveness Program

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A new report from the Consumer Financial Protection Bureau (CFPB) finds that many qualified student borrowers have been delayed, or even denied, access to the Public Service Loan Forgiveness (PSLF) Program.

The program, a Department of Education initiative, allows borrowers to have their federal student loans forgiven after making 120 eligible payments over the course of 10 years  working in eligible public service careers.

Yet despite meeting all eligibility requirements, the CFPB found that some borrowers have spent years paying into the program without receiving their promised loan relief.

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Loan Forgiveness Available for Counseling and Admission Professionals

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Still paying off your student loans?

Good news is on the horizon for school counselors and college admission professionals: Public service employees are eligible to have their debt wiped off the books starting this year under a new federal loan forgiveness program.

Applicants are urged to start the process now by filing paperwork with the federal government, according to a post on Homeroom, the Department of Education’s official blog.

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