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Benzinga
Benzinga
Business
Rishabh Mishra

Student Loan Forgiveness Faces New Restrictions Under Trump's PSLF Overhaul: Report

Donald Trump

The Donald Trump administration is moving to significantly reshape the Public Service Loan Forgiveness (PSLF) program, aiming to restrict student loan cancellation for employees of organizations deemed to be engaged in “illegal activities.”

What Happened: A draft proposal from the U.S. Education Department, set to take effect in July 2026, outlines new criteria that could impact a vast array of public and non-profit employers, sparking concerns among advocates.

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