One Big Beautiful Bill: Major Student Loan Forgiveness Changes Just Passed

Are you a public servant wondering what the One Big Beautiful Bill means for your student loans and forgiveness timeline?

In this video, LoanSense CEO Catalina breaks down what changed with Public Service Loan Forgiveness (PSLF), the future of SAVE, auto-crediting, and key timelines that could save you thousands. If you’re a teacher, nurse, government employee, or nonprofit contractor, this is must-know information.

Chapters:
00:00 - What this video covers
01:00 - How PSLF was expanded under the new law
02:40 - Who qualifies now (gig workers, contractors, more)
04:10 - Deferment, forbearance, and COVID pause now count
05:20 - What auto-crediting means for PSLF
06:40 - Why you should still submit PSLF forms for now
07:45 - New definition of full-time work (30+ hours)
08:30 - Forgiveness after 10 years for under $12k balance
09:05 - SAVE interest protections preserved
10:25 - Which plan is best? SAVE vs IBR vs Repayment Assistance
11:30 - Recommendations for public servants & non-PSLF borrowers
12:15 - Final steps to stay on track for forgiveness