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Podcast: The College Investor Audio Show
Episode: Could Your Nonprofit Job Lose PSLF Status?
Description: For nearly two decades, theĀ Public Service Loan Forgiveness ProgramĀ has offered a straightforward promise: make 120 qualifying payments while working full-time for a government agency or a 501(c)(3) nonprofit, and any remaining federal student loan balance will be forgiven. The idea helped schools, hospitals, local governments, and nonprofits recruit workers who might otherwise avoid lower-paying public-service roles.That certainty shifted when theĀ Education Department finalized a regulationĀ allowing the Secretary to declare an employer ineligible if it āhas a substantial illegal purpose.ā Though the Department says the rule targets organizations that knowingly engage in conduct that violates federal...