The Department of Education (DOE) announced the final rule change regarding the taxpayer-funded Public Service Loan Forgiveness (PSLF), finalizing the criteria for which public service employers qualify under the program.

Why It Matters

PSLF, which was established by Congress in 2007, wipes out student loan debt for holders after 10 years of “qualifying” public service employment and monthly payments.

In March, Trump signed an executive order on the matter, directing the Secretary of Education to propose revisions to the program, stating that PSLF has “misdirected tax dollars into activist organizations that not only fail to serve the public interest, but actually harm our national security and American values, sometimes through criminal means.”

More than 42 million Americans hold

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