In spring 2014, the Board of Directors of the National Association of Student Financial Aid Administrators (NASFAA) convened a Public Service Loan Forgiveness (PSLF) Task Force, comprised a geographically diverse group of financial aid professionals from all types of postsecondary institutions, to develop recommendations for improvement and to strengthen the PSLF program. In June the NASFAA Board accepted and endorsed the recommendations provided by the task force, detailed in this final report.
The Public Service Loan Forgiveness (PSLF) program was established in 2007 to encourage student borrowers to work in the public sector. Qualifying borrowers may have their Direct Loans forgiven after 10 years of full-time service in an eligible job. Currently, qualifying employers include federal, state, or local government agencies and tax-exempt 501(c)(3) not-for-profit organizations.
The guiding principles of the Public Service Loan Forgiveness Task Force included a thorough review of the forgiveness program with special attention to:
Among the recommendations detailed in the report are:
Publication Date: 7/28/2014
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Off the Cuff - Episode 268 Transcript
Foxx, Cassidy Press ED for Plan on Resuming Student Loan Repayment
Study: Biden’s Student Loan Cancellation Would Erase All Debt for Majority of Incarcerated Borrowers
Study: Borrowers Increased Their Personal Debt During Student Loan Payment Pause
Kvaal, Cordray Testify During House Education Subcommittee Hearing
House Education Committee Advances Resolution to End Biden’s Student Loan Forgiveness Plan
ED: Over 615,000 Borrowers Received Public Service Loan Forgiveness Since October 2021
New Series Examines Student Loan Debt Disparities in the South
Cardona Urges Higher Education Leaders to ‘Fight Complacency’ in Year Ahead
SCOTUS Rejects Application From Three Colleges to Halt Student Loan Debt Cancellation
Warren and Pressley Demand Answers From SoFi After It Sued to End Student Loan Payment Pause
Three Institutions Ask SCOTUS to Halt $6 Billion Student Loan Debt Settlement
Senate Republicans Introduce Resolution to End Biden’s Student Debt Cancellation Plan
House Subcommittee Hearing Takes Aim at Biden’s Student Loan Cancellation Plan
OTC Inside the Beltway: Biden's Student Debt Relief Program Faces SCOTUS
SCOTUS Hears Lengthy Oral Arguments on Biden’s Student Loan Cancellation Program
Q&A With Anthony Jones, Chair of the Resumption of Loan Repayment Task Force
Judge Grants Final Approval to Borrower Defense Settlement
ED’s Office of Inspector General Releases Alert on Student Loan Relief Scams
First Legal Challenge Falters as Conservatives Look for a Way to Halt Biden’s Debt Cancellation Plan
Amid GOP Legal Challenges, ED Begins Email Outreach to Borrowers on Student Loan Cancellation
NASFAA, Along With Other Organizations, Urges Biden to Extend PSLF Waiver
Legal Challenges to Student Loan Debt Cancellation Begin to Take Shape
Some States Could Tax Biden’s Student Loan Debt Relief
ED Details State-by-State Estimated Impact of Student Debt Cancellation