"A government program to help public servants pay off their student debt is now a little easier to navigate. Recent changes from the office of Federal Student Aid could even reduce the amount some borrowers ultimately pay on their loans. Public Service Loan Forgiveness, often referred to as PSLF, is a program that allows some federal loans to be forgiven for borrowers employed by qualifying non-profit organizations or government agencies," Money reports.

..."'The lump-sum payment is a big deal,' says Jill Desjean, policy analyst at the National Association of Student Financial Aid Administrators (NASFAA).

She says that this is especially beneficial for borrowers that may be getting additional help paying down their loans. This would include those in AmeriCorps, Peace Corps and Department of Defense loan forgiveness programs or for those with employers who offer repayment programs."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 12/22/2020