US 10 march 2025 : US President Donald Trump signed an executive order, limiting the eligibility of the Public Service Loan Forgiveness (PSLF) program.
This program forgives student loans for some professions like those of teachers, healthcare workers, and police officers after 10 years of qualifying payments, according to a Business Insider report.
As many as 2 million borrowers were part of the program as of December 2024, according to the report.
Trump’s order said that organisations engaging in “activities that advance illegal immigration, terrorism, child abuse, discrimination, and public disruptions” would be barred from the program.
“The PSLF Program also creates perverse incentives that can increase the cost of tuition, can load students in low-need majors with unsustainable debt, and may push students into organizations that hide under the umbrella of a non-profit designation and degrade our national interest,” the report quoted the order as saying.
What’s more is that the order directs the new education secretary, Linda McMahon, to redefine what “public service” is.
Summary: Donald Trump has imposed new restrictions on a US student loan forgiveness program, affecting millions of workers who were eligible for debt relief.