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e-CFR data is current as of February 23, 2021

Amendment


34 CFR--PART 685

View Printed Federal Register page 85 FR 49821 in PDF format.

Amendment(s) published August 14, 2020, in 85 FR 49821

Effective Dates: July 1, 2021

15. Section 685.219 is amended in paragraph (b) by revising the definition of “public service organization” and by revising paragraph (c)(1)(ii) to read as follows:

§685.219   Public Service Loan Forgiveness Program.

*   *   *   *   *

(b) *  *  *

Public service organization means:

(i) A Federal, State, local, or Tribal government organization, agency, or entity;

(ii) A public child or family service agency;

(iii) A non-profit organization under section 501(c)(3) of the Internal Revenue Code that is exempt from taxation under section 501(a) of the Internal Revenue Code;

(iv) A Tribal college or university; or

(v)(A) A private organization that provides the following public services: Emergency management, military service, public safety, law enforcement, public interest law services, early childhood education (including licensed or regulated child care, Head Start, and State funded pre-kindergarten), public service for individuals with disabilities and the elderly, public health (including nurses, nurse practitioners, nurses in a clinical setting, and full-time professionals engaged in health care practitioner occupations and health care support occupations, as such terms are defined by the Bureau of Labor Statistics), public education, public library services, school library or other school-based services; and

(B) Is not a business organized for profit, a labor union, or a partisan political organization.

*   *   *   *   *

(c) *  *  *

(1) *  *  *

(ii) Is employed full-time by a public service organization or serving in a full-time AmeriCorps or Peace Corps position—

(A) When the borrower makes the 120 monthly payments described under paragraph (c)(1)(iii) of this section;

(B) At the time of application for loan forgiveness; and

(C) At the time the remaining principal and accrued interest are forgiven.

*   *   *   *   *

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