PSLF Program overhaul and webinar opportunity for financial aid professionals
October 08, 2021
The country's teachers, nurses, firefighters, and other public servants – many of whom have been on the frontline of the pandemic, should find it easier to take advantage of a promise made to them when they entered their career field.
The Department of Education announced a major overhaul of the Public Service Loan Forgiveness program (PSLF).
In the announcement, the Department said PSLF has been an unmet promise to public service workers others "serving their communities through hard work that is essential to our country's success." In addition, the Department said "PSLF removes the burden of student debt on public servants, makes it possible for many borrowers to stay in their jobs, and entices others to work in high-need fields."
The Department estimates that these changes to the PSLF program could help more than a half million borrowers.
Webinar opportunity for financial aid professionals
To help financial aid professionals learn more about the temporary changes, The Institute for Financial Aid Advisors (TISLA) is hosting an "Explaining the Public Service Loan Forgiveness Waivers: For Professionals" webinar on October 11 at 6:00 p.m. Eastern. For more information, visit the registration link.