This new paperwork rule could make getting student-loan forgiveness easier for government and nonprofit workers
A new change to a student-loan forgiveness program could make it easier for government and nonprofit workers to get relief.for the Public Service Loan Forgiveness program, which is intended to forgive student debt for government and nonprofit workers after ten years of qualifying payments.
Leading up to Biden's presidency, the program was flawed and borrowers in public service were being turned away for minor paperwork errors, along with issues having their employer certify their eligibility for the program.to the Federal Student Aid office, a borrower applying for PSLF needs the employer to verify information including the dates of employment for the employee and their name, contact information, title, and signature.
Previously, the Education Department had strict guidelines for those certification requirements, and applicants were rejected if a signature on paper did not meet specific requirements, like incorrect formatting of the date signed. Now, borrowers have the option to use a digital signature during FSA's testing period for this function.
"FSA has begun to implement and test a digital employer signature for PSLF," an Education Department spokesperson told Insider."The Department will have more information once testing is complete.", borrowers can use the PSLF Help Tool for"digital signature and submission capabilities.
This change is part of the Education Department's broader reforms to PSLF. In October 2021, it implemented a
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