ED to MED stands with its 17 national partners and additional allied groups in support of the Public Service Loan Forgiveness (PSLF) Program.
The PSLF Program was established under the College Cost Reduction and Access Act of 2007 and signed into law by President George W. Bush. It incentivizes careers in public service by assisting qualified individuals as they work to give back to their communities. To be eligible a borrower must make 120 qualifying monthly payments under a repayment plan while working full-time for a qualifying employer, such as a government agency, tax-exempt non-profit organization, or non-exempt non-profit that provides public services. The PSLF Program is an investment in the health, education, and safety of America’s communities.
The PSLF Program has been slated for elimination for new borrowers in the PROSPER Act, legislation proposed in the House of Representatives to reauthorize the Higher Education Act. That’s why now is a critical time to act. Congress needs to hear from all health professions and other graduate and professional students planning on pursuing PSLF about why the program is important, and how it helps you better serve your community.