In his latest executive action, President Donald Trump directed the Education Department to limit eligibility for the Public Service Loan Forgiveness program.
The order, issued late Friday evening, would require the Education Department to go through a complex and lengthy process known as negotiated rule making, so the directive doesn’t change anything immediately. And Education Secretary Linda McMahon pledged at her confirmation hearing that PSLF will not be eliminated completely, as “that’s the law.” However, the changes could lead to the denial of student loan forgiveness for thousands of nonprofit employees.
The administration argued the order was a necessary step to “restore the program” and end the…
