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Just wanted to throw this out there and encourage everyone to lobby their congressional officials against this change and/or for a grand-father clause that will allow those of us already pursuing PSLF to fall under the current rules and not the change.
“To counter such practices, the Obama administration has proposed moving the forgiveness threshold for students with large graduate debts to 25 years from 20, and capping public service loan forgiveness at $57,000.”
Full article: copy and paste this URL into your browser: http://nyti.ms/1COywyS
I echo Laurin’s sentiments and further suggest advocating for keeping PSLF strong for new borrowers as well. More about the proposals: http://askheatherjarvis.com/blog/administration-suggests-changes-to-paye-and-pslf-in-budget-proposal