In a major shift, the federal government will also be able to force colleges to cover the cost when their students are granted loan cancellation because of fraud. Those costs have typically been passed to taxpayers, prompting complaints from conservative critics who say the program too freely cancels debt at the public’s expense.
The overhaul also brings big changes to the Public Service Loan Forgiveness program, which was created by Congress as an incentive for government and nonprofit workers but has failed to deliver its promise because of notoriously complex rules. Borrowers in certain situations will also be able to make progress toward debt forgiveness even if they aren’t making payments. Those who get their student loans paused for cancer treatment, military service or the Peace Corps, for example, will be treated as if they are still making monthly payments during that time.
I hope the students out realize this isn't going through.
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