Changes Proposed to Public Interest Loan Forgiveness Program - Articles

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Posted by: Brittany Sims on Mar 27, 2014

The Obama Administration’s proposed FY 2015 budget includes changes to student loan and public service loan forgiveness (PSLF) programs that may concern law students and young lawyers. These changes include a proposed cap of $57,000 on the amount of loans that can be forgiven under PSLF, a limit on the types of loan payments qualifying for forgiveness and limits on eligibility for income-driven repayment options. The ABA YLD's newsletter The Affiliate reports that a White House petition has been started by some law students seeking to have the administration modify its proposal.