The Education Department on Wednesday announced additional measures to make the Public Service Loan Forgiveness program more accessible to applicants when a set of a temporary reforms ends on Oct. 31.
The popular, yet sometimes frustrating, program offers college graduates the chance to have their student loan debt forgiven if they spend 10 years working for government or a qualifying nonprofit organization and make regular loan payments over that period of time. Prior to last October, when the department announced a series of temporary changes to make forgiveness easier to access, participants described headaches navigating the program due to stringent rules governing loan payments and inconsistent information from the government, contractors and lenders.
