Loan Forgiveness Gets Update from One Big Beautiful Bill
Published Date: 6/18/2026
Notice
Summary
If you’re working in public service and want your student loans forgiven, some important changes are coming! Starting July 1, 2026, you’ll need to update your PSLF or TEPSLF application to confirm your employer plays by the rules and to reflect new loan repayment plans from the One Big Beautiful Bill Act. The Department of Education is rushing these updates to make sure you get the right info and keep your loan forgiveness on track.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Which Repayment Plans Qualify Changes
The One Big Beautiful Bill Act changed which student loan repayment plans count toward PSLF, and those statutory changes take effect on July 1, 2026. If you are seeking PSLF or TEPSLF, the repayment plans that will qualify for forgiveness are revised effective July 1, 2026.
New Perjury Attestation for PSLF Forms
If you apply for Public Service Loan Forgiveness (PSLF) or Temporary Expanded PSLF (TEPSLF), your form will require a sworn attestation that your employer has not engaged in any activity that has a "substantial illegal purpose" on or after July 1, 2026. This attestation is made under penalty of perjury and will be part of the updated certification and application starting July 1, 2026.
Large Paperwork and Time Burden Estimated
The Department of Education estimates the revised PSLF/TEPSLF certification and application will generate 913,713 annual responses and 456,857 total annual burden hours. Individuals and households submitting these forms can expect to participate in this information collection under the emergency revision process.
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Key Dates
Related Federal Register Documents
2025-15665 — William D. Ford Federal Direct Loan (Direct Loan) Program
The government wants to change the rules for the Public Service Loan Forgiveness program to stop people working for shady employers from getting loan forgiveness. This means if your job is with an organization involved in serious illegal activities, you won’t qualify for loan help anymore. These changes protect taxpayers and make sure the program is fair, coming soon to keep things on the up and up.
2026-12320 — State Workforce Pell Program Certification; Correction
The Department of Education fixed a mistake about the State Workforce Pell Program form. They clarified that the form isn’t optional—it’s mandatory for states to fill out. This correction affects states involved in the program and keeps the paperwork rules clear, with no changes to deadlines or money.
2026-12376 — Final Waivers and Extensions of the Project Periods With Funding for the American Indian Vocational Rehabilitation Services Program and the American Indian Vocational Rehabilitation Training and Technical Assistance Center
The Department of Education is giving 43 American Indian Vocational Rehabilitation Services projects and one Training and Technical Assistance Center extra time and money to keep helping through September 30, 2027. They’re waiving rules that usually limit projects to five years so these programs can continue their important work without interruption. This extension starts July 20, 2026, making sure support for American Indian communities stays strong and steady.
2026-12318 — Agency Information Collection Activities; Comment Request; Federal Direct Loan Program Regulations for Forbearance and Loan Rehabilitation
The Department of Education is updating how it collects info about student loan forbearance and loan rehab rules. If you have a federal direct loan, these changes might affect you, especially how you apply for breaks or fix your loan status. The public can share their thoughts by July 20, 2026, so get ready to weigh in!
2026-12110 — Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Application for Approval To Participate in Federal Student Aid Programs
The Department of Education is updating the application form schools and organizations use to join Federal Student Aid programs. This change affects private, state, local, and tribal groups who want to help students get financial aid. They’re asking for public feedback by July 16, 2026, to make sure the process is clear and not too time-consuming.
2026-12097 — Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Student Assistance General Provisions-Satisfactory Academic Progress Policy
The Department of Education is asking to keep collecting info about students’ academic progress without changing the current process. This affects students, schools, and government groups who track if students are doing well enough to keep getting financial aid. You’ve got until July 16, 2026, to share your thoughts, but no new costs or rules are coming—just a smooth continuation!
Previous / Next Documents
Previous: 2026-12318 — Agency Information Collection Activities; Comment Request; Federal Direct Loan Program Regulations for Forbearance and Loan Rehabilitation
The Department of Education is updating how it collects info about student loan forbearance and loan rehab rules. If you have a federal direct loan, these changes might affect you, especially how you apply for breaks or fix your loan status. The public can share their thoughts by July 20, 2026, so get ready to weigh in!
Next: 2026-12320 — State Workforce Pell Program Certification; Correction
The Department of Education fixed a mistake about the State Workforce Pell Program form. They clarified that the form isn’t optional—it’s mandatory for states to fill out. This correction affects states involved in the program and keeps the paperwork rules clear, with no changes to deadlines or money.