In a stunning court filing this week, the U.S. Dept. of Education says that borrowers cannot rely on written determinations of eligibility for the Public Service Loan Forgiveness program.
Background: The Public Service Loan Forgiveness (PSLF) program allows for borrowers who make “qualifying payments” while working in “qualifying” public service employment to get any remaining loan balance on “qualifying” federal student loans forgiven after 120 payments – which adds up to 10 years, if the payments are made consecutively. Hundreds of thousands of student loan borrowers may be eligible for the program. Read More