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October 6, 2021. U.S. Department of Education Announces Transformational Changes to the Public Service Loan Forgiveness Program, Will Put Over 550,000 Public Service Workers Closer to Loan Forgiveness.
The Supreme Court blocked the one-time debt relief plan (you may also know this as the forgiveness of up to $20,000 for Pell Grant borrowers). But you may be able to get help repaying your loans, including full loan forgiveness, through other federal student loan programs.
In certain cases, you can have your federal student loan forgiven, canceled, or discharged. Find out whether you qualify due to your job or other circumstances.
Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $167 billion for 4.75 million Americans. Thanks to this Administration’s efforts more than one out of every 10 federal student loan borrowers has now been approved for some debt relief.
In certain situations, you can have your federal student loans forgiven, canceled, or discharged. That means you won’t have to pay back some or all of your loan (s). The terms “forgiveness,” “cancellation,” and “discharge” mean essentially the same thing. Public Service Loan Forgiveness is the most common way people apply to have ...
By: James Kvaal, U.S. Under Secretary of Education The U.S. Department of Education today announced another important step in its ongoing efforts to fix the Public Service Loan Forgiveness (PSLF) program. Borrowers can now see their payment counts, updated through this summer, including how many payments they have left until they are eligible for forgivenessContinue Reading
To mark Public Service Recognition Week, the U.S. Department of Education (Department) today announced that, as of the beginning of May 2023, it has approved a total of $42 billion in Public Service Loan Forgiveness (PSLF) for more than 615,000 borrowers since October 2021.