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The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [1]
With last week's news regarding updated measures for federal student loan relief, the topic has been front of mind for many of the 43 million Americans who carry this type of debt. President Biden ...
The Biden administration's student loan relief plan is expected to wipe out the debt of 1 million or more Californians, though most will still owe. ... for borrowers who take public-service jobs ...
Doctor. Doctors who work for a qualifying nonprofit or public hospital for 10 or more years are eligible for Public Service Loan Forgiveness. Additionally, doctors may review a wide range of ...
The PSLF program was signed into law by President George W. Bush in 2007 and provided that anyone working full-time in eligible public service jobs could have the remaining balance of their student loans issued under the Federal Direct Student Loan Program forgiven after making 120 qualifying monthly payments.
The administration said it will spend nearly $4.3 billion to cancel student debt for 55,000 such workers, the result of fixes made to the Public Service Loan Forgiveness Program.