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Joint Budget Committee discusses proposed student loan forgiveness advisory contract; no vote recorded
Summary
The committee reviewed a proposed three-year contract to provide advisers for state employees navigating the federal Public Service Loan Forgiveness program. The presentation detailed program complexity, estimated eligible employees, and contract costs; the chair requested a motion but no vote was recorded in the transcript.
The Joint Budget Committee reviewed a proposed contract to hire an advisory firm to assist state employees with the federal Public Service Loan Forgiveness program (PSLF). Grant Wallace, director of the Employee Benefits Division, presented the proposal and cost estimates and emphasized the program’s complexity.
Wallace said PSLF allows individuals who work in government or nonprofit positions and make 120 qualifying payments to receive forgiveness of the remaining loan balance. He described the program as “very complicated” and said the state seeks an adviser to help employees navigate…
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