A new bill from House Republicans could end Public Service Loan Forgiveness for student loans. To qualify for Public Service Loan Forgiveness, a borrower must be enrolled in a federal student loan repayment program. June 2018 ThresholdNeither the proposed changes to Public Service Loan Forgiveness or federal student loan repayment (PAYE/REPAYE) would impact current student loan borrowers enrolled in these programs. Therefore, under this proposed legislation, if you are a student loan borrower enrolled in a federal student loan repayment program who has signed up for Public Service Loan Forgiveness before June 2018, presumably you would still benefit from Public Service Loan Forgiveness. Student loan borrowers can still refinance federal and private student loans as one strategy to repay student loans faster.

Source: Forbes December 06, 2017 13:03 UTC