00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Two federal judges blocked a Trump administration rule that would have added new restrictions to
00:07public service loan forgiveness, according to CNBC. U.S. District Judge Amir Ali struck down
00:13the regulation Tuesday, and U.S. District Judge Myung Jeon sided with states, cities,
00:19and nonprofits challenging the policy. The rule would have changed the definition of a
00:24qualifying employer to exclude organizations that engage in unlawful activities. PSLF offers
00:31debt cancellation after 10 years to borrowers who work for nonprofits and the government.
00:35The U.S. Department of Education said it is evaluating next steps.
00:40More than 9 million borrowers may qualify for public service loan forgiveness,
00:44according to a 2022 estimate from Protect Borrowers.
00:47For all things money, visit Benzinga.com.
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