Is Public Service Loan Forgiveness Going Away? #medschool #studentloans

The government will tend to make loan policy through two methods, one by way of Congress and second, through administrative rulemaking. Now, Congress passed Public Service Loan Forgiveness and income based repayment. Those are written into law. Payment programs such as Pay Save and ICR were made through administrative rulemaking. What we know is that things that are created through administrative rulemaking are much easier to tweak and to do away with. As we've seen the shelf life with save, which is about a year's time before it is no longer eligible for enrollment and perhaps is gone. Okay, for those of you that are wondering about Public Service Loan forgiveness, this is written into law by Congress. It is much, much safer to be an income based repayment or the Public Service Loan Forgiveness program because they're tight by Congress. Much harder for them to get rid of that.