Simplifying Student Loans
Meghan Brink
July 7, 2022
Education Department proposes changes to loan programs to make it easier for public service employees and those who attended fraudulent colleges to get their student loans forgiven.
The Education Department released a series of proposed rules Wednesday that would simplify federal loans, to make it easier for students who attended fraudulent colleges or who are public service workers to get loan forgiveness.
The proposed rules include changes to the borrower-defense program and the Public Service Loan Forgiveness program, both which have been criticized for being overcomplicated and having lengthy application and review processes.
“This announcement is part of the administration’s continued commitment to making the student loan program work. They are the product of more than a year’s effort to seek input from the student aid community and robust proposals that will better serve students and hold institutions accountable,” said James Kvaal, the under secretary of education. “The proposals would also help prevent a future debt crisis by holding colleges and universities accountable for leaving students with outstanding debt and without good jobs.”
