Changes to the Public Service Loan Forgiveness Program

The U.S. Department of Education is temporarily changing certain rules to allow potentially hundreds of thousands of borrowers the chance to qualify for student loan forgiveness if they have worked in public service. This opportunity is only available for a limited time, and borrowers must act before Oct. 31, 2022, to qualify.

“For years, the Public Service Loan Forgiveness program has been plagued with issues, resulting in frustrated and disappointed borrowers who thought they were making progress toward loan forgiveness only to find out they didn’t qualify because they had the wrong loan typ...