The U.S. Department of Education is planning to make several key changes to a long-troubled student loan forgiveness program for public servants, the department announced Tuesday.
The program, Public Service Loan Forgiveness or PSLF, was mismanaged for over a decade resulting in forgiveness for only a small portion of qualifying borrowers.
"The idea was simple. Qualifying for forgiveness was not," Education Secretary Miguel Cardona said in a call with reporters. "As one teacher told me, the system was full of trap doors. If you walk through the wrong one, you're out of luck."
The department is now removing some of those trap doors.
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