CAP’s Comment on the Public Service Loan Forgiveness Program Regulation
Thank you for the opportunity to comment on the Department’s Notice of Proposed Rulemaking relating to the Public Service Loan Forgiveness program. Since the first cohort of borrowers became eligible for PSLF in 2017, the program has been impeded by obstacles, which have resulted in notably low take-up and persistent confusion among borrowers. The Department has taken numerous steps to address these issues, including improving communications with servicers and borrowers, helping more borrowers to qualify for PSLF through the limited waiver and, most recently, through this proposed rule, which will help to ensure that eligible public servants are able to access the loan forgiveness they qualify for.
This comment aims to further improve the regulation to help the Department meet that goal by addressing the Department’s questions about early childhood education providers posed in the notice of proposed rulemaking, making recommendations for aligning the PSLF proposed rule with other Departmental reforms, and making recommendations for improving servicing and outreach for FFEL borrowers, and the treatment of borrowers who contract for qualifying employers.
The above excerpt was originally published in Regulations.gov. Click here to view the full comment letter.
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