The U.S. Department of Education announced on Friday that it would use its authority to relax the regulations originally imposed on public servants who were hoping to have their education debts expunged through the Public Service Loan Forgiveness program. This means that the department will be using its power to suspend former requirements for individuals to receive debt forgiveness. “Now, the department says, it will use its authority to give borrowers a time-limited waiver — essentially relaxing several of these rules retroactively, so that previously disqualified loan payments can now be counted toward forgiveness.” Want to know if you qualify? Read more here.
What borrowers need to know about the Public Service Loan Forgiveness overhaul
