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Joint Budget Committee reviews proposed contract to help state employees navigate Public Service Loan Forgiveness
Summary
The committee reviewed a proposed contract for a vendor to advise state employees on the federal Public Service Loan Forgiveness program. The initial three-year cost is $917,000 (first-year payment $304,000); the contract would end if the federal program is discontinued. No vote is recorded in the transcript.
The Joint Budget Committee reviewed a proposed contract to provide advisory services to state employees seeking benefits under the federal Public Service Loan Forgiveness (PSLF) program.
Grant Wallace, director of the Employee Benefits Division, described the PSLF program and the purpose of the contract. “This is not a racing of student debt. These are individuals who have been working and making regular contributions and payments on their loan for a hundred and 20 months,” Wallace…
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