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
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