New Student Loan Forgiveness Bill Could Help Millions

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New Student Loan Forgiveness Bill Could Help Millions
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Will this new student loan forgiveness bill change the future of public service loan forgiveness?

Democratic presidential candidate Kirsten Gillibrand speaks during the official kick-off rally of her campaign for US president on March 24, 2019 in New York. Here's what you need to know.Thursday, which would rework the current Public Service Loan Forgiveness program, a federal program that forgives federal student loans for borrowers who work in public service. The goal is to expand the number of people who can qualify for the program and receive student loan forgiveness.

The Public Service Loan Forgiveness program has come under fire from both Democrats and Republicans for its bureaucratic complexity, confusing guidelines,This new bill would make several changes to the existing program, including, among others:Currently, only Direct student loans qualify for public service loan forgiveness.Federal Family Education Loans , you need to consolidate these federal student loans into a Direct Consolidation Loan to qualify for public service loan forgiveness.

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