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The Administration's efforts to reshape Public Service Loan Forgiveness could affect thousands of nonprofit workers.
Here’s a look at how President Trump and the Education Department are looking to reshape the Public Service Loan Forgiveness ...
She's referring to the Public Service Loan Forgiveness program, created in 2007 to forgive student debt for government and nonprofit workers after 10 years of qualifying payments.
In recent years, the U.S. government approved more than $42 billion in student loan forgiveness for more than 615,000 borrowers through the program. How to Apply for PSLF ...
For years, the PSLF program, created by Congress in 2007 to cancel the student loan debt of workers in government and many nonprofit jobs, failed to achieve that goal.
As of Thursday’s announcement, the Biden administration had discharged $69.2 billion in debt through PSLF for over 900,000 borrowers. The administration overhauled the PSLF program in 2022.
President Donald Trump has signed an executive action that directs the U.S. Education Department to exclude certain federal student loan borrowers from the Public Service Loan Forgiveness program.
The Biden administration made changes to the program to make it more flexible. It also discharged debt through PSLF for over 1 million borrowers. Before that, only 7,000 people had received debt ...
Only 96 borrowers out of 28,000 who applied for PSLF had been approved for forgiveness in September 2018. Out of those who didn't qualify at that point, 70% were denied for not meeting program ...
U.S. Secretary of Education Miguel Cardona visited Atlanta on Thursday to announce an additional $4.5 million in funding for the Public Service Loan Forgiveness (PSLF) program.
Teachers who work full-time in low-income schools for five consecutive years may qualify for up to $17,500 in federal student loan forgiveness through the Teacher Loan Forgiveness program.
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