Some student-loan borrowers in public service might lose access to debt relief.
On Thursday, President Donald Trump’s Department of Education announced that it had finalized its rule to limit the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments.
Following an executive order in March that called on the Department of Education to redefine “public service” to align with the administration’s political views, the department held negotiations with stakeholders to craft the final rule. It will go into effect on July 1, 2026.
“Taxpayer funds should never directly or indirectly subsidize illegal activity,” Under Secretary of…