Trump says he's ending Public Service Loan Forgiveness for nonprofits involved with 'improper' activities
Published On Mar 7, 2025, 4:25 PM
President Trump announced plans to end the Public Service Loan Forgiveness (PSLF) for employees of nonprofits tied to what his administration deems 'improper' activities, particularly those related to illegal immigration or foreign terrorist organizations. This move could impact workers at various charities and organizations, especially those engaged in advocacy or humanitarian efforts which oppose his administration's policies. The PSLF program, established to aid borrowers working for nonprofits, may face legal challenges over this alteration. Trump's actions, including recent funding cuts to educational institutions, may further polarize the discourse on student debt and nonprofit activities.
Stock Forecasts
EDU
Negative
The changes to PSLF could discourage nonprofit employment, leading to potential layoffs or reduced hiring in the sector. Given the backlash from consumer rights groups and the potential legal uncertainties, companies involved in education, student loans, or nonprofits may see volatility. This could negatively impact related stocks, particularly in the education sector.
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