The Coalition to Preserve PSLF consists of over 90 organizations committed to preserving Public Service Loan Forgiveness because we believe it is of vital importance for the wellbeing of communities across our country. PSLF allows public service professionals to pursue their passion for service professionally even if they have student debt.
On March 27th President Trump signed into law a $2 trillion stimulus package to address the current COVID-19 pandemic and its economic impact. The stimulus includes specific provisions to provide relief to student loan borrowers. Under the current package, the Secretary of Education is required to suspend most student loan payments through September 30, 2020, without accrual of interest. Importantly, the law now requires the Secretary to deem those suspended payments as counting towards forgiveness under PSLF. However, this debt is not canceled; the borrower will have to pay it back after the suspension is lifted.
For more information on how the stimulus will affect your student loans, we encourage you to visit the Department of Education’s website.
In the face of the novel coronavirus, we recognize that many who are on the frontlines fighting to protect and support our communities are our public service professionals - those working in public health, public safety and public education. These are our first responders, our nurses, our doctors putting their lives on the line to care for us. It is our teachers working to ensure that learning can continue, and our school counselors finding new ways to connect with and support students. It’s our police officers, firefighters, and legal aid lawyers ensuring our communities are supported and safe.
We are grateful to all of you for your service. Thank you.
Public service professions include:
Public Health: Nurses, Veterinarians, First Responders, Doctors, Social Workers, Food Safety Professionals
Public Education: Public and Parochial School Teachers, Special Education Professionals
Public Safety: Police and Corrections Officers, Prosecutors and Public Defenders