Schneiderman Issued Guidance for Student Loan Borrowers

A message from the office of Attorney General Schneiderman:

A.G. Schneiderman Issues Guidance For Federal Student Loan Borrowers Ahead of 10th Anniversary of Public Service Loan Forgiveness Program 

*Borrowers Encouraged To Review Public Service Loan Forgiveness Program
Eligibility Requirements*

*A.G. Urges New Yorkers Who Believe They Have Been Wrongfully Denied Loan
Forgiveness To Contact His Office*

NEW YORK—Attorney General Eric T. Schneiderman today issued guidance for
federal student loan borrowers, who seek to qualify for forgiveness under
the Public Service Loan Forgiveness Program (“PSLF”) beginning on the
program’s 10th anniversary next month. The bi-partisan program, enacted by
Congress in 2007, was designed to encourage individuals to pursue public
sector jobs by easing the burden of their federal student debt—forgiving
student loans for people who work for the government and certain public
interest organizations.

“My office is committed to ensuring that the Department of Education keeps
its promise to every graduate who entered public service,” said *Attorney
General Schneiderman*. “Whether a borrower served in the military, at a
government agency, at a non-profit, or any other eligible organization, we
want to make sure their hard work and financial sacrifice is properly
rewarded. Any New Yorker who thinks they've been wrongly denied federal
loan forgiveness should contact my office right away.”

Federal student loan borrowers should review the PSLF eligibility
requirements before submitting an application for forgiveness.  
Borrowers who believe they have been wrongfully denied loan forgiveness or
have concerns about their student loan servicer’s conduct can file
complaints by visiting the Office’s website 
or calling 1-800-771-7755.

“Too many social work students and graduates struggle with high student
debt to salary ratios and that needs to change,” said *Ron Bunce, LMSW,
Interim Executive Director of the National Association of Social Workers -
New York State Chapter (NASW-NYS)*. “The Public Service Loan Forgiveness
program has helped make public service a more attainable career option by
allowing social workers to manage their student loan debt as they dedicate
their careers to serving others. This is an effective incentive to
encourage trained and educated individuals to accept and retain social work
jobs in the critical human service areas.

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