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Trump’s administration finalized its rule to limit the Public Service Loan Forgiveness program.
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The rule will prohibit PSLF for employers that the administration determines are engaging in illegal activity.
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The rule is set to go into effect in July 2026, and borrower advocates said they are planning legal action.
Eligibility for a major student-loan forgiveness program for public servants is officially narrowing.
On October 30, President Donald Trump’s Department of Education announced the final rule to limit the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments.
The rule delivers on an executive order Trump signed in March to redefine what “public…