At Last, Here’s Some Good News for the Peace Corps Community When It Comes to Public Service Loan Forgiveness
The Public Service Loan Forgiveness Program has also been a focus of concern for members of the Peace Corps community, because returned Volunteers were left out of reforms that were supposed to help them. Now here’s some good news. By Katie McSheffrey Photo by JessicaRain / Wikimedia Commons Last October, the U.S. Department of Education announced an overhaul of the troubled Public Service Loan Forgiveness Program (PSLF). But that initial overhaul, did not include proposals to help Peace Corps Volunteers. National Peace Corps Association has covered this in podcasts and WorldView magazine. Months later, those of us who have been leading the RPCVs for PSLF Relief Facebook group...
Fixing Loan Forgiveness for Returned Peace Corps Volunteers
Rep. John Garamendi joined Senators Ben Cardin and Chris Van Hollen in sending a letter to U.S. Secretary of Education Miguel Cardona asking for returned Volunteers to be included in Public Service Loan Forgiveness Reforms. By Jonathan Pearson In early March 2022, CNN reported that the U.S. Department of Education has identified 100,000 borrowers eligible for debt cancellation from the beleaguered Public Service Loan Forgiveness (PSLF) program. Reforms were announced to the program last October, allowing some borrowers to receive credit toward PSLF for periods of public service that would not have previously qualified. But Returned Peace Corps Volunteers were not listed among those...
The Public Service Loan Forgiveness Program Was Supposed to Benefit Returned Volunteers. It Hasn’t.
So returned Volunteers are rallying to try to fix that. And NPCA is working with them to help. By Jonathan Pearson In October 2021, the U.S. Department of Education announced an overhaul of the troubled Public Service Loan Forgiveness (PSLF) program. Applicants who devote ten years of work in the public service sector (and make 120 qualifying student loan payments during that time) are eligible to have further loan payments forgiven. In a press release, Education Secretary Miguel Cardona said the changes were an attempt to live up to the promise of the program and could impact more than 550,000 borrowers. But,...