The Trump administration got one step closer to implementing sweeping rules that would revoke
#studentloan forgiveness eligibility after the Department of Education completed a series of public hearings last week. The hearings are a required part of a process called negotiated rulemaking, which allows the department to update or change regulations governing federal student
#loan programs.
This negotiated rulemaking session is targeting Public Service Loan Forgiveness.
#PSLF is a popular program that allows
#borrowers to receive student loan forgiveness after making the equivalent of 10 years of qualifying payments while working full-time for eligible nonprofit or government organizations.
But the overhaul proposed by the
#Trump administration, if enacted, could gut the PSLF program. The proposed regulations, intended to implement an executive order issued by President Trump earlier this year, would revoke the student
#loanforgiveness eligibility for entire organizations that engage i...