Executive Order
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Restoring Public Service Loan Forgiveness
AI Summary:
This is a policy document - specifically an Executive Order by the President modifying the Public Service Loan Forgiveness (PSLF) Program. This regulation aims to restrict eligibility for public service loan forgiveness by excluding organizations that engage in activities deemed to have a "substantial illegal purpose". Specifically, the Secretary of Education must revise regulations to exclude organizations involved in activities such as violating immigration laws, supporting terrorism, engaging in child abuse, aiding illegal discrimination, or repeatedly violating state tort laws. The order requires the Secretary of Education to propose amendments to the existing PSLF program regulations that will implement these new restrictions, ensuring that individuals working for organizations with substantial illegal purposes cannot receive loan forgiveness. The Executive Order emphasizes national security concerns and argues that the current PSLF program has been misused and can create perverse incentives that potentially harm national interests. The order explicitly states that it does not create any new legal rights and must be implemented consistent with existing law and available appropriations.
Date:
03/12/2025