TBA Law Blog


Posted by: Stacey Shrader Joslin on Aug 26, 2022

In addition to announcing student loan debt relief, President Joe Biden also has proposed changes to the Public Service Loan Forgiveness program, the ABA Journal reports. The program, which offers loan forgiveness for those who work in qualifying public service jobs, has been plagued by challenges such as complex eligibility restrictions and implementation failures. The new plan announced this week would allow more payments to qualify for the program and would allow certain kinds of deferments and forbearances to count toward the program. The proposed changes would build on temporary changes announced last year that added additional loan plans to the program. Under those changes, borrowers have to apply to consolidate their loans into a direct loan by Oct. 31 to qualify. The U.S. Department of Education has more on that requirement.