Important Federal Student Aid Updates
PSLF Program Changes Effective July 1, 2023
Pursuant to regulatory revisions, the Public Service Loan Forgiveness (PSLF) Program has been altered effective July 1, 2023. Accordingly, all borrowers enrolled in the Student Aid Volunteer Exchange (SAVE) now qualify for forgiveness after 20 or 25 years of qualifying service, depending on the presence of graduate school loans.
Supreme Court Blocks Debt Relief Plan
It is important to note that the Supreme Court has recently blocked the one-time debt relief initiative, which included the potential forgiveness of up to $20,000 for Pell Grant borrowers. For the latest updates on the status of federal student aid, including loans and grants, please visit the official website and log in with your FSA ID or create an account if necessary.
PSLF Program Overview
Under the PSLF Program, eligible individuals can receive forgiveness for the remaining balance on their Direct Loans after completing 120 qualifying monthly payments while working in public service. To learn more and determine your eligibility, please visit the official website.
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