Many public-sector and nonprofit workers including teachers, healthcare workers and first responders may be eligible for student loan forgiveness through the PSLF, but confusion around the program appear to be undermining its efficacy.
Despite challenges, opportunities remain. There is a substantial opportunity for public service employers to help their employees take control of their student loan debt.
The PSLF program can lead to meaningful savings and reduced stress for public service employees. But numerous factors, including the enrollment process, are barriers to its success.