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Waivers for the Public Service Loan Forgiveness Program: Who Could Benefit from Take-Up?
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Diego A. Briones; Nathaniel Ruby; Sarah Turner – Journal of Policy Analysis and Management, 2024
For workers employed in the public and nonprofit sectors, the Public Service Loan Forgiveness (PSLF) program offers the potential for full forgiveness of federal student loans for those with 10 years of full-time work experience. A year-long waiver issued by the Department of Education in 2021 to address administrative problems in program access…
Descriptors: Student Loan Programs, Eligibility, Federal Programs, Loan Repayment
Public Service Loan Forgiveness and the SAVE Plan for Federal Student Loans: Loan Forgiveness Estimates for Teachers and Social Workers
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Jason Delisle – Urban Institute, 2023
The Biden administration is implementing a new income-driven repayment (IDR) plan for federal student loans called Saving on a Valuable Education (SAVE). The SAVE plan adds to existing IDR plans and reduces borrowers' monthly payments and shortens the time certain borrowers must repay before their debts are forgiven compared with current options.…
Descriptors: Public Service Occupations, Student Loan Programs, Loan Repayment, Federal Programs