Public Service Loan Forgiveness (PSLF) Program

The article discusses President Biden’s executive order regarding the Public Service Loan Forgiveness (PSLF) Program, which was established in 2007 to incentivize careers in public service. The order aims to address concerns about previous administrations’ handling of the program, which reportedly allowed improper loan forgiveness for individuals not meeting the necessary criteria.

Under the new provisions, the Secretary of Education will revise regulations to exclude organizations significantly involved in illegal activities from eligibility for loan forgiveness, ensuring that taxpayer money is used effectively and in accordance with national interests.

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