GOP Memo Seeks End To Public Service Loan Forgiveness

Barely weeks after Republicans secured passage of the One Big Beautiful Bill Act, the Economic Policy Innovation Center (EPIC) is calling for a follow-up effort. Its memo, circulated among congressional staff, recommends that lawmakers use another reconciliation package to reshape parts of higher education and financial regulation. This comes after a House member announced a working group to explore another bill.

The group’s proposals include creating a new family savings account, fully defunding the CFPB, and eliminating Public Service Loan Forgiveness (PSLF), a program that forgives federal student loan debt for government and nonprofit workers after ten years of qualifying payments.

Supporters of the push are calling it “OBBBA 2.0,” positioning it as an extension of the first package, which was framed by Republicans as a landmark fiscal and cultural win. But the think tank’s ideas face procedural and legal barriers.