AIG Retirement Services, a leading retirement plan provider for tax-exempt and public sector employers, today announced the results of a new study looking at how nonprofit and public service employees think about student loan debt, student loan forgiveness and the Public Service Loan Forgiveness (PSLF) program.
Millions of public sector and nonprofit workers including teachers, healthcare workers and first responders may be eligible for student loan forgiveness through PSLF, but confusion around the program appears to be undermining its efficacy. While
90% of public service employees with college debt indicate awareness of the program,
70% exhibit only a minimal understanding of its rules and requirements.