Attorney General Raoul Calls For Extension Of Public Service Loan Forgiveness Waiver
CHICAGO – Attorney General Kwame Raoul co-led a coalition of 20 states in urging the Biden administration to extend and expand temporary changes to the Public Service Loan Forgiveness (PSLF) Program to provide borrowers with more opportunities to get closer to loan forgiveness faster. Under the PSLF Program, remaining balances on federal Direct Loans are forgiven after borrowers – dedicated public servants such as teachers, firefighters, nurses and police officers – make 120 qualifying payments while working full time for a qualifying employer. However, due to the PSLF Program’s complexity and poor management, millions of public service workers have been unable to access forgiveness, and the program’s denial rates have been as high as 99%. To restore the promise of PSLF, in October 2021, the U.S. Department of Education announced a temporary “ Limited PSLF Waiver , ” which offers millions of qualifying public service workers the chance