Public Service Loan Forgiveness Day of Action
Congress created the Public Service Loan Forgiveness (PSLF) program in 2007 to encourage people to enter public service by forgiving the federal student loan balances of eligible borrowers who have made at least 10 years of payments while in certain public service jobs. The program has long suffered from low approval rates and came under fire during the pandemic for failing to provide debt relief to millions of public service workers who were on the frontlines of the pandemic response. In response, this year the U.S. Department of Education implemented limited-time PSLF changes that will make millions of government and non-profit employees newly eligible for loan forgiveness or additional credit toward forgiveness.
The White House is hosting a Public Service Loan Forgiveness Day of Action for federal, state, local, and tribal government employees on August 24th to ensure all those who are eligible have access to this loan forgiveness and know what they need to do to apply. The White House is asking eligible employers, including county governments, to promote the Day of Action and encourage participation by:
- Amplifying the PSLF program on social media.
- Sharing the new White House PSLF site at www.pslf.gov with your networks and employees.
- Sending a personal email to your staff/networks on August 24 to promote the PSLF program.
The PSLF website includes a simple 3-Step Eligibility Tool that borrowers can use to determine eligibility, a one-page explainer document for borrowers, and social media graphics that you can use.
This is a great recruitment and retention tool for counties and local governments, and we encourage counties to promote this opportunity leading up to the October 31 deadline for the limited PSLF waiver!