This Week In Washington
On Wednesday, the Office of Federal Student Aid (FSA) announced that they would be making changes to the Public Service Loan Forgiveness (PSLF) Program in order to provide more clarity and simplicity in the application process. The changes will include a new single PSLF form that will combine the employment certification form and the forgiveness application into one form, as well as a redesigned Help Tool meant to make determining PSLF eligibility clearer. FSA also announced that a policy change made in August now allows borrowers to make prepayments or lump-sum payments, which could potentially count as qualifying payments.
News You Can Use
A survey conducted by the American Bar Association – with data analysis provided by AccessLex Institute – examines the landscape of student debt in legal education and the negative impact felt by recent graduates.
The Hechinger Report examines students who counted on work-study jobs but are now struggling to make ends meet.
The Chronicle of Higher Education’s Goldie Blumenstyk looks at a plan to offer immediate micro debt relief for a limited amount of public service.
The following bill(s) have been recently introduced for consideration by the 116th Congress (2019-2020):
H.R. 8696 – Securing a Strong Retirement Act [Rep. Richard Neal (D-MA-1)] includes provisions related to student loans that would allow individuals to pay down education debt instead of contributing to a retirement plan and still receive an employer match in their retirement account.