A major student-loan forgiveness program is facing changes — and delays.
Student-loan borrowers pursuing Public Service Loan Forgiveness, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments, have found that their payment counters have not updated to reflect payments that put them at the forgiveness threshold.
For example, some borrowers who made their 120th payment over the past few months are still waiting for their payment counter on Federal Student Aid to reflect that they qualify for relief. The delay means borrowers must choose between continuing to make payments they might not owe or stopping payments and risking being flagged for…