Today, on a press conference call, U.S. Senator Charles E. Schumer said that the federal Department of Education (ED) and the Department of Labor (DOL) should coordinate and work to ensure that employers in the public service sector notify new hires that they are eligible for critical student loan advantages, and ultimately student loan forgiveness. Schumer cited a recent Consumer Financial Protection Bureau (CFPB) study that revealed approximately 33 million Americans, approximately one-quarter of the workforce, are eligible to participate in the Public Service Loan Forgiveness Program (PSLF) because they are in professions like teachers, cops, firefighters, nurses, and soldiers.
Are you a public service employee in New York that would like to sign up for the Income-Based Repayment (IRB) and Public Service Loan Forgiveness (PSLF) programs?
- Click here for the Employment Certification Form for Public Service Loan Forgiveness: http://studentaid.ed.gov/sites/default/files/public-service-employment-certification-form.pdf
- Here is a helpful Q&A on the Public Service Loan Forgiveness Program: http://studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts/public-service
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