GOP floating an idea to reform PSLF
Just read an Forbes article that the GOP is floating and idea to reform PSLF and other programs. It's just a proposal right now but here is what some of the article says.
"According to a policy memo leaked to Politico last week, House Budget Committee members are considering a number of reforms to federal student loan forgiveness and repayment programs as part of a massive budget reconciliation bill primarily intended to extend expiring tax cuts. The budget reconciliation process would allow Republicans, who narrowly control both the House and the Senate, to bypass the senate filibuster and pass legislation on a party-line, majority vote.
The committee called out PSLF in the memo, although no specifics were provided on potential changes to the program.
“Reform Public Service Loan Forgiveness (PSLF),” reads a line-item on the memo. “This option would allow the Committee on Education and the Workforce to make much-needed reforms to the PSLF, including limiting eligibility for the program.” But the memo does not explain how student loan forgiveness eligibility might be limited, nor does it offer specifics on who would be impacted. The projected budgetary savings over a 10-year period is left as “TBD.”
Link: Thank you for sharing @carriedmeaway
"This is the document with all of their proposed changes. The higher education ones start on page 28 and it goes over several things for PSLF."