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Public Service Loan Forgiveness Pslf

All articles tagged with #public service loan forgiveness pslf

education1 year ago•5 min saved

"Biden Administration Forgives $5.8 Billion in Student Debt for 78,000 Public Service Workers"

The Biden-Harris Administration has approved an additional $5.8 billion in student loan debt relief for 77,700 borrowers, bringing the total loan forgiveness to $143.6 billion for 3.96 million Americans. This includes fixes to the Public Service Loan Forgiveness (PSLF) program, with nearly 380,000 public service workers set to receive forgiveness within two years. The Administration has also provided relief through income-driven repayment plans and for borrowers affected by school-related issues, totaling $45.6 billion and $22.5 billion respectively.

via US Department of Education|

#biden-harris-administration #borrowers #education

education1 year ago•3 min saved

"Biden Administration Forgives $6 Billion in Student Debt for Public Service Workers and 78,000 Borrowers"

The Biden administration is forgiving almost $6 billion in student debt for 77,700 borrowers who are public service employees, such as teachers, nurses, social workers, and firefighters. This forgiveness amounts to about $77,000 per person and is part of the Public Service Loan Forgiveness (PSLF) program. The administration has made changes to the PSLF program, resulting in about 871,000 Americans receiving student loan forgiveness through the program. Recipients will receive an email from President Biden alerting them about their debt cancellation, and an additional 380,000 people enrolled in PSLF will receive an email next week letting them know they are within one to two years of qualifying for debt forgiveness through the program.

via CBS News|

#biden-administration #education #financial-relief