Federal Student Loan Forgiveness Under the Trump Administration

The Trump administration made significant changes to Public Service Loan Forgiveness (PSLF), limiting eligibility for certain organizations, including those that support immigrants and diverse communities.

The changes apply to borrowers who are currently or previously working for excluded organizations, affecting their eligibility for PSLF.

Borrowers who are affected by the changes can still get credit for time worked at qualifying organizations, as long as the changes don't take effect until after their qualifying payments.

If a borrower is working for an excluded organization, they may not get credit for time worked, even if they've already made qualifying payments.

Borrowers who are affected by the changes should print out their payment history on StudentAid.gov or request a copy from their loan servicer.

Keeping a record of qualifying payments and employer certifications is crucial for borrowers.

Federal student loan borrowers have access to other loan cancellation opportunities, including the Teacher Loan Forgiveness program.

The Teacher Loan Forgiveness program offers up to $17,500 in loan cancellation for those working in low-income schools.

Income-Based Repayment (IBR) remains intact, allowing borrowers to consolidate payments and qualify for forgiveness.

Borrowers who are affected by the changes to PSLF should take steps to protect their rights and ensure they receive the benefits they are entitled to.