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The Department of Education is finally overhauling the public service loan forgiveness program (PSLF) which until now has failed to live up to its promise.
Since the first public service workers became eligible for debt cancellation in 2017, at least 98% of their applications for relief have been denied, almost all of them under the Trump administration. Even a temporary expanded PSLF program established by then Education Secretary Betsy DeVos had a similar denial rate.
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Bernice Napach
Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.
