Restoring Public Service Loan Forgiveness
1. Purpose
This executive order outlines important changes to the Public Service Loan Forgiveness (PSLF) Program, aiming to tighten eligibility and prevent misuse of taxpayer funds by disqualifying organizations involved in illegal activities.
2. Key Actions And Directives
- Revise eligibility criteria for PSLF: Individuals employed by organizations engaged in illegal activities such as supporting terrorism or violating immigration laws shall not qualify for student loan forgiveness.
- Prevent misuse of PSLF funds: Ensure PSLF Program funds are not directed to organizations that harm public interest or national security.
3. Important Points
- Focus on national security: The new policy aims to protect national security and public interest by ceasing financial support to organizations involved in illegal activities.
- No enforceable rights created: The order clarifies that it does not establish any legal rights or benefits for individuals or groups against the U.S. government.
- Role of federal authorities: The Secretary of Education and the Secretary of the Treasury are tasked with proposing revisions to the PSLF Program regulations.
- Implementation contingent on law: The order’s implementation will be consistent with applicable laws and dependent on the availability of appropriations.
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