CFPB Announces Student Loan Debt Toolkit

CFPB Student Lending

On August 28, the CFPB announced the launch of a toolkit for use by school districts and other public service organizations in assisting employees repay student loan debt. The CFPB also asked such employers to pledge to inform their employees of available loan debt forgiveness options. The initiative accompanies the CFPB’s issuance of a Public Service & Student Debt report, which analyzes loan repayment options for various types of public service employers in both the public and private sectors. The CFPB also released an online action guide to advise employees about public service loan forgiveness benefits and eligibility.