On March 7, President Trump issued an executive order that could revise which organizations are eligible under the Public Service Loan Forgiveness (PSLF) program. Established in 2007, the PSLF program encourages individuals to pursue careers in public service by providing student loan forgiveness for those who work in government and/or qualified nonprofit organizations. Since the creation of the PSLF program, more than 1 million borrowers have received student loan forgiveness, largely due to fixes made under the Biden administration.  

The executive order directs the Secretary of Education, in coordination with the Secretary of Treasury, to ensure the definition of “public service” excludes organizations who “advance illegal immigration, terrorism, discrimination, and violent protests.”  

Impact: More than 2 million individuals currently qualify for the PSLF program, according to the Department of Education. The executive order could potentially narrow which organizations qualify for the program.