Loan Forgiveness in Danger!

Tomorrow, House Lawmakers will consider a higher education bill that effectively eliminates the Public Service Loan Forgiveness program.

This year, the first cohort of participants in the Public Service Loan Forgiveness (PSLF) program – which forgives student debt for individuals who have worked ten years in a qualifying nonprofit or government position – is slated to receive their loan forgiveness. Unfortunately, the future of this program is in danger because some lawmakers are pushing to eliminate or reduce the program.

While current reporting requirements make it difficult for us to determine the exact number of veterinarians who are planning to participate in the program, we’ve heard from many of you that this program is key to your career plans. We know that some of you have chosen careers based on this program, and that some of you have made crucial financial choices based on the promise of PSLF. Because PSLF is so important to veterinarians, the AVMA is working aggressively to protect and preserve this program.

Visit the AVMA’s Congressional Advocacy Network and send a letter to your members of Congress in support of PSLF. The AVMA has a pre-written letter available, so all you need to do is fill in your information. It takes less than five minutes!