Fulfilling the Promise of the Public Service Loan Forgiveness Program
The Public Service Loan Forgiveness Program (PSLF) was created to encourage students to pursue careers in public service. This public service work is essential to our communities, but for far too long the PSLF program was an empty promise. I spent years advocating for needed reforms to the program, and am pleased the Department of Education took steps this year that will make eligibility for forgiveness a reality for more to borrowers. I recently held a webinar with a student loan expert to discuss the recent changes to the program and to explain what people need to do to qualify. More than 600 people registered for the event, and many shared their stories. You can watch the webinar here, and share it with your friends and family who may be interested.
I am also continuing my work on behalf of all student loan borrowers. The Department of Education’s pause on student loan repayment for the COVID-19 pandemic has been a lifeline for borrowers in Oregon and across the country. As the pause ends and payments are expected to resume on February 1, 2022, borrowers should be protected from the worst effects of missing payments, whether unintentionally or because of financial distress. I introduced the Student Loan Borrower Safety Net Act to provide borrowers with the help they need during this transition.
|